BNB continues to attract attention after surging to a new all-time high of $809 on July 23. While short-term profit-taking caused a minor pullback, bullish momentum remains intact.
BNB Price Overview for July 2025
BNB started the month at $646.31. In the first week of July, it consolidated between $643.58 and $664.64. On July 9, BNB broke above resistance with a 1.24% gain, kicking off a sharp uptrend. From July 9 to 22, the token climbed by over 19%. On July 23, BNB momentarily touched $809 before pulling back slightly to close the day at $786.73.
Can BNB Reach $1,000?
From a technical perspective, BNB continues to trade within a rising price channel. Key resistance is at $809, while $1,000 serves as a psychological milestone. However, indicators like RSI and MACD suggest slightly cooling buyer enthusiasm, which may delay further upside. Analyst Daniel Weller stated, "BNB's climb past $800 marks institutional conviction. A clean break above $809, on high volume, could open the path to $1,000."
Institutional Demand Fuels BNB Rally
Recent on-chain data shows aggressive accumulation by institutional players. Windtree Capital invested **$**520 million, with 99% allocation to BNB, while Nano Labs acquired $90 million worth of BNB in a single week. These moves highlight growing confidence in BNB’s long-term value. Blockchain strategist Maya Chen remarked, "Institutional buying adds both price stability and upside pressure. These investors aren’t flipping tokens—they’re positioning for the future."
BNB’s price trajectory remains bullish but breaking above $809 is crucial to unlock further upside. Key factors to monitor include institutional wallet activity, trading volume, market sentiment, and regulatory updates.
