- BNB hit a new all-time high at $906 with rising trading volume.
- Binance partnered with Franklin Templeton to launch tokenized products.
- BNB shows negative correlation with Bitcoin, outperforming the market leader.
Binance Coin (BNB) surged to a new all-time high at $906, putting the token on track toward the long-watched $1,000 milestone.
The rally came on the back of a 65% jump in trading volume, with BNB up 6% on the week and 2% in the past 24 hours, according to CoinMarketCap. BNB’s price strength stood out against a consolidating Bitcoin, reinforcing its role as one of the best-performing large-cap assets.
Franklin Templeton Partnership Fuels Rally
BNB’s breakout coincided with Binance’s new partnership with Franklin Templeton, the $1.6 trillion asset manager. The collaboration will develop tokenized investment products, merging Franklin Templeton’s regulated fund expertise with Binance’s trading infrastructure.
Roger Bayston highlighted improvements in settlement, collateral management, and portfolio building, while Sandy Kaul noted blockchain’s role in reimagining financial systems within existing frameworks.
Related: BNB Hits Record $900 on Binance-Franklin Templeton Tokenization Partnership News
BNB Diverges From Bitcoin, Shows Independent Momentum
According to data from CryptoQuant, BNB has been negatively correlated with Bitcoin over the past 30 days, with a correlation coefficient of -0.27.
The divergence shows BNB’s relative strength as it continues to outperform the market leader, even as Bitcoin consolidates.
BNB Price Analysis: Can It Push to $1,000?
On the daily chart, BNB is trading at $898, forming a rising wedge pattern within the Bollinger Bands.
The Relative Strength Index (RSI) sits at 63.6, signaling strong bullish momentum without being overextended. Accumulation/Distribution (A/D) data also suggests steady capital inflows, supporting the uptrend.
If buying pressure persists, BNB could break above the wedge and target the $950–$1,000 range, marking a historic milestone for the asset.
However, a breakdown from the wedge could see BNB retrace toward key supports at $865 (mid-Bollinger Band) and $833 (lower band). A deeper correction could bring the price back toward the $750–$780 zone.
If momentum holds, the $1,000 mark may not be a question of if but when. However, traders should remain cautious of short-term volatility, especially given the rising wedge structure.
Related: Solana’s Market Cap Closes in on BNB as Flippening Talk Intensifies
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