BNB Price Prediction: $950-$1,000 Target in Sight After $2B Binance Investment

Binance Coin (BNB) is trading near record highs after a historic $2 billion investment from Abu Dhabi-based MGX ignited bullish momentum across the market. At press time, BNB trades at $851.17, just shy of its all-time high of $864, with analysts forecasting a push toward $950–$1,000 within the next 30 days.

The MGX deal, announced on August 12, marks the largest single investment ever in a cryptocurrency company. Paid entirely in stablecoins, it has not only boosted Binance’s expansion plans but also cemented institutional confidence in BNB as the exchange’s native token. The move triggered a 15% rally in just 48 hours, breaking through key resistance levels.

Technical Analysis: Bullish Setup Despite Overbought RSI

BNB’s current price sits above the $847.27 pivot point, supported by short- and medium-term moving averages, SMA 7 at $819.47, SMA 20 at $795.30, and SMA 50 at $735.10. The MACD histogram remains strongly positive, signaling sustained buying pressure, while trading volumes hover above $345 million daily, ensuring liquidity for potential breakout moves.

However, the Relative Strength Index (RSI) stands at 70.87, indicating overbought conditions and hinting at possible short-term consolidation. Analysts suggest an ideal entry zone between $820 and $830, aligning with SMA 7 support, before the next bullish leg.

A break above the $861.10 resistance could open the door to rapid gains, with $1,000 emerging as the psychological target. In the bearish case, failure to hold above the pivot could send prices toward $730.01 support, with deeper declines to $639.16 considered low probability given current market strength.

Institutional Demand and Market Outlook

Institutional interest in BNB continues to grow. Nasdaq-listed CEA Industries recently acquired 200,000 BNB worth $160 million, becoming the largest corporate holder of the token. This corporate accumulation trend mirrors similar moves in Ethereum, which is also trading near its all-time highs.

Analysts agree that broader market sentiment, combined with strong fundamentals and high-volume trading activity, creates favorable conditions for BNB’s next rally phase. Provided Binance Coin maintains its upward trajectory and RSI cools below 65, the $950–$1,000 price range remains a realistic target over the next month.

Traders are advised to watch for resistance tests in the coming week, with potential profit-taking near $1,000. A daily close above $861.10 would confirm bullish continuation, while dips to the $820–$830 zone could offer strategic buying opportunities.