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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.
Today, Franklin Templeton announced a wide-ranging partnership with @binance.
— Franklin Templeton Digital Assets (@FTDA_US) September 10, 2025
Learn more: https://t.co/2m0VrXSt9p pic.twitter.com/pc1p4rt57c
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.
BNB Aims for $1,000
— CryptoQuant.com (@cryptoquant_com) September 11, 2025
“Over the past 30 days, BNB has been negatively correlated with bitcoin, reaching a coefficient of -0.27. The negative correlation mirrors the growing divergence between the two assets, and BNB outperforming bitcoin” – By @oinonen_t pic.twitter.com/vT8oDdPxJt
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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