Key Insights:
- Binance Coin price has surged in the past few days.
- The rally is because of the ongoing altcoin season index.
- BNB price has surged because of the bullish technicals.
Binance Coin price has moved into a strong bull run this month, reaching its highest level in 2025. BNB token peaked at $780 on Monday, a big jump from the year-to-date low of $503. This article explains the BNB price in a bull run and what to expect.
Binance Coin Price is Surging as Altcoins Roar Back
As altcoins have soared, the Binance Coin price has moved into a strong bull run this month. Indeed, as the chart below shows, the altcoin season index has jumped to 56, the highest point in months. Tokens like Pudgy Penguins, SPX6500, and Virtuals Protocol led this surge.
The altcoin season index ignited last week. At that time, the Bitcoin price surged to the highest level on record of $123,300. Historically, a Bitcoin surge typically leads to more upside among altcoins, including the BNB token.
The same happens when there is a sense of greed and fear of missing out (FOMO) among investors. Data shows that the fear and greed index has surged to 67. This may reach the extreme greed zone 70.
BSC Ecosystem is Thriving
BNB price has jumped because of the ongoing jump in the BNB Smart Chain (BSC) ecosystem. DeFiLlama data shows that its decentralized finance ecosystem has over 908 applications. It has over $10 Billion in total value locked (TVL) and $19 Billion in bridged TVL.
The data show that the network has become the biggest decentralized exchange (DEX) player. PancakeSwap handled over $183 Billion in the last 30 days and $44.7 Billion in the previous seven.
Uniswap, the biggest DEX protocol for a long time, handled over $84 Billion in tokens in the last 30 days. PancakeSwap handles more volume than DEX protocols like Raydium, Orca, Aerodrome, and Fluid combined.
More data shows that the BSC Chain is the second most active after Solana. It had over 33 million active addresses in the last 30 days, a 47% monthly increase.
At the same time, the number of transitions slipped to 392 million, while the network fees stood at $10 million. BSC’s fees are usually lower than those of other chains because it prides itself on having low transaction costs.
Binance Coin Price Has Strong Technicals
Binance Coin price has jumped because of its strong technicals. The weekly chart shows that the coin has formed a cup-and-handle pattern, a popular continuation sign.
This pattern comprises a horizontal support at $665 and a rounded bottom, whose lower side is $186. It has been forming the handle section of this pattern since March this year.
The profit target in a Cup and Handle pattern is calculated by measuring the depth of the cup. This distance is added to the breakout point to estimate the potential upside. In this case, this distance is about 74% in percentage terms.
Therefore, measuring the same distance from the cup’s upper side gives the target price of $1,137. This means the BNB price has a 50% upside from the current level. A surge to $1,137 will be confirmed if the coin jumps above the critical psychological point at $100.
Binance Coin price has been in a slow bull run in the past few weeks. This surge has coincided with the ongoing recovery of Bitcoin and the potential start of the altcoin season.
BSC’s network is gaining momentum across key sectors like DeFi, stablecoin processing, and gaming. Data highlights a sharp uptick in activity across these fields.
The trend is expected to accelerate as more developers shift to the network. Recent upgrades like Pascal, Lorentz, and Maxwell have helped BSC become one of the fastest networks.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
The post Top 3 Key Drivers Behind Recent Binance Coin Price Surge appeared first on The Market Periodical.
