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BNB Coin Price Prediction: New ATH in November?
BNB Coin outperformed ETH, BTC, and even SOL with the largest annualized price growth, reaching about 113%.
It appears like BNB Coin is seeing one of its finest runs since its introduction, per a recent study from Binance Labs. With the highest DEX trade volume, active users, and active stablecoin wallet addresses, the BNB Chain ecosystem is now in the top.
BNB outperformed ETH, BTC, and even SOL with the largest annualized price growth, reaching about 113%. Even more impressive is the fact that, after years of having no exposure to the US market, BNB is now beginning to reverse that with listings on Coinbase and Robinhood.
BNB Coin Breakout Is Initiated by Aster Launch
With the largest spot share of any single DEX in DeFi, BNB Chain now controls the DEX market. Aster is largely responsible for it, since the platform's total volume surpassed 2.8 trillion dollars following its ASTER coin launch.
Additionally, Binance has been emphasizing how BNB links all Web3 layers. They claim that the token seamlessly connects CeFi and DeFi and enables users to participate in the value and growth of the entire crypto stack.
After breaking its all-time high and remaining stable above the 1,000 mark, the currency may continue to rise because Binance still controls almost half of the global CEX spot market, and the BNB burn mechanism is continuously lowering supply.
Now that DeFi and CeFi are both gaining traction, everyone is watching to see what BNB will do next.
Can BNB Coin Price Hit a New ATH in November?
Between 1,060 and 1,080, a crucial support zone that has served as a potent demand region on multiple occasions recently, BNB is currently hovering slightly above this level. After being rejected by higher levels, the price is now drifting sideways there, indicating that buyers are still intervening but that the momentum is waning.
Bulls will need to act quickly to maintain control since the RSI is currently at 44, indicating neutral to weak momentum.
The next move might bring BNB toward the 1,250–1,360 zone and possibly hit a new all-time high if buyers can hold this support and push the price back above 1,180. However, if it falls below 1,060, it may retest around the 1,000 mark before beginning to rise once more.