BNB Price Jumps as Market Value Surpasses UBS, CZ Pushes for Bank Adoption

The BNB price has surged 2% in the last 24 hours, to trade at $935, on a 4% jump in the daily trading volume, to $2.88 billion

This jump in BNB price comes after Binance founder Changpeng Zhao (CZ) urged banks to adopt the token as its market value hit $130.64 billion, overtaking Union Bank of Switzerland’s $129.08 billion. CZ explained that BNB can be used in trading, payments, and blockchain applications, and offered to help banks integrate it into their systems. His remarks reflect the growing view of cryptocurrencies as alternatives to traditional banking.

BNB’s use has been expanding both within Binance and beyond, especially for trading fees and blockchain projects. A recent partnership with global investment firm Franklin Templeton added to its credibility and showed rising institutional interest. Market analyst Ali noted that BNB has broken out of its correction phase, with strong buying momentum pointing toward a possible climb to $1,300. With renewed confidence from traders and institutions, BNB appears set for another major rally.

BNB Price Parabolic Rally Extends

Binance Coin (BNB) continues its strong upward rally, trading at $935 as bulls prepare to test the crucial $950 resistance level. The recent price action shows a clear parabolic curve, signaling accelerating bullish momentum and growing demand. If buyers succeed in breaking above this level, BNB could quickly advance toward the $1,000 psychological mark, which would mark a new milestone for the token.

BNB spent the first quarter of 2025 inside a descending channel, which kept prices under pressure and limited upside moves. That period ended with a consolidation phase around $550–$600, where traders accumulated positions. This base provided the strength needed for the ongoing rally, which has since seen BNB climb steadily, forming higher lows and pushing into new price zones.

BNBUSDT Analysis Source: Tradingview

BNB Holds Strong Support as Bulls Target $950 Breakout

Currently, the uptrend remains well-supported. The most recent support zone lies between $880 and $900, and so far, buyers have defended this region strongly. This zone will remain a critical area to watch in case of short-term pullbacks. A deeper support sits near $750, which has previously acted as a strong demand level and could provide a safety net if the market weakens.

Momentum indicators also confirm the bullish setup. The Relative Strength Index (RSI) is at 70.51, suggesting that BNB is slightly overbought but still within range for more gains. Historically, when the RSI stays above 60 during rallies, it signals that bulls remain in control of the trend. If momentum continues, BNB could sustain its upward move without facing heavy corrections.

For now, all eyes are on the $950 resistance zone. A clean breakout above this level could attract fresh buyers and push the price into uncharted territory, with $1,000 being the next target. On the other hand, if resistance proves too strong, BNB may retrace slightly to test the parabolic curve or fall back to support before continuing higher.