After a Major Market Crash, BNB Hits a New All-Time High
On the morning of October 13, Binance Coin (BNB) posted strong gains, surging 16% in 24 hours and reaching a new all-time high of $1,370. According to CoinGecko, the exchange token is currently trading near $1,300.
This rally came right after one of the most severe crashes in crypto history, which wiped out over $19 billion in total market capitalization in just a single day.
Data from Coinglass shows that BNB’s spot trading volume jumped 50% in the past 24 hours to $8.94 billion, while futures volume surged 112% to $12.19 billion. Open interest also rose nearly 30% to $2.48 billion.
The combination of rising volume and open interest suggests that traders are opening new positions rather than closing short-term ones — a sign of returning bullish sentiment.
Former Binance CEO Changpeng Zhao (CZ) attributed BNB’s strength to its community, developers, and deflationary tokenomics, rather than any artificial market support (as some accused the exchange team of price stabilization efforts).
BNB shows a V-shaped recovery on the daily chart and is trading above the Bollinger Bands’ midline support at $1,286. The token could test resistance near $1,340, with upside potential toward $1,450–$1,500, provided the current momentum holds. Key support lies between $1,260–$1,280.
See also: "Bitcoin Price Today: Falls to $113K Amid U.S.–China Trade Tensions"
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