BNB hits a new all-time high, with four major support levels pushing the price up to 855 USD.

BNB briefly surged to $855 during intraday trading today (28), setting a new historical record, driven by multiple factors including ecosystem expansion, institutional buying, and the burn mechanism. (Background: When BNB enters mainstream digital assets: What opportunities does the era bring from Nasdaq to sovereign reserves?) (Background information: BNB broke through $800 to create a new historical high, entering a new price discovery phase after seven months) Binance’s ecosystem token BNB briefly surged to $855 during intraday trading today (28), setting a new historical record, before retreating to $845.25, with a 24-hour increase of 3.68%. This wave of momentum not only highlights the influence of Binance’s ecosystem in the public chain battle but also attracts mainstream capital attention once again. Multiple driving forces push up the price. First, on-chain activity is vigorous. According to Binance data, the BNB Chain has an average daily trading volume of about 72 million transactions, which is 3.2 times that of Ethereum, with demand from DeFi and NFT driving a significant amount of Gas payments, naturally increasing token usage. Second, institutions are snapping up. Nasdaq-listed company Nano Labs publicly announced a large purchase of BNB and plans to establish a reserve worth hundreds of millions of dollars, forming a clear buying momentum, indicating that similar deployments are spreading to other companies. Third, scarcity increases. Binance destroyed 800 million BNB in the first quarter of this year, worth over $5 billion, continuously shrinking the total supply, making the supply-demand structure tighter. Finally, sentiment and technical aspects resonate. Technical indicators show that the RSI is close to 75, and while it is overbought in the short term, the market generally views $750 as a new support level; Bitcoin and other mainstream coins rebounded, further boosting the overall atmosphere of the sector. Prospects and risks coexist. What is the future target price? Looking ahead, Cryptopolitan estimates that the average price of BNB this year could reach $982, with a strong scenario looking at $1,178.92; medium- to long-term forecasts even suggest breaking through $1,000 and challenging $2,710 in 2050. However, the crypto market remains highly volatile, and changes in regulatory policies and macro liquidity could amplify price pullbacks. Investors should pay attention to the $650 support and $750 resistance zones and continue to monitor the growth of the Binance ecosystem, the progress of the burn, and the strength of institutional buying. Based on existing information, BNB’s recent high is driven by multiple structural forces, laying a foundation for its long-term value, but short-term volatility risks cannot be ignored. Related reports: US pharmaceutical company Windtree Therapeutics plans to establish a “$200 million BNB reserve,” CZ says: More BNB micro-strategies are coming. CZ’s family office YZi Labs announced support for 10X Capital to establish a BNB reserve company, with plans for an IPO. Zhao Changpeng CZ: Donated $10 million BNB to Vitalik months ago to fund Vitalik’s research on DeSci projects. <BNB sets a new historical high, with four major supports pushing the price to $855> This article was first published in BlockTempo, the most influential blockchain news media.