Binance’s BNB coin has once again reclaimed the $1000 price level, registering a rally in the daily charts. The asset faced a substantial price correction earlier this month, falling to around $901 on Nov. 5. According to CoinGecko’s BNB data, BNB has rallied 0.7% in the last 24 hours. Despite a slight recovery in the daily charts, BNB continues to trade in the red zone across other time frames, falling 2.5% over the last week, 13.1% over the 14-day charts, and 10.6% over the previous month. Let’s discuss whether BNB will continue its rally or face further corrections.
Will Binance’s BNB Coin Continue Its Rally?
BNB’s latest rally seems to follow Bitcoin’s (BTC) upswing. BTC reclaimed the $106,000 price level after falling below $100,000 earlier this month. The broader crypto market appears to be finally showing signs of a reversal. However, bearish elements continue to loom over market participants. Despite announcing an interest rate cut, Federal Reserve Chair Jerome Powell recently warned about slow economic growth and rising inflation. Both developments could lead to increased volatility in the crypto market. BNB could face a correction under economic pressure.
However, BNB’s latest rally could be a delayed reaction to the 25-basis-point interest rate cut. Moreover, President Trump stated that the US government shutdown is nearing its end. Both developments may have led to a spike in investor sentiment. President Trump also announced a $2000 dividend for all Americans, excluding high-earning individuals. The dividend news may have also prompted investors to increase their risky bets.
Also Read: Will Binance Coin Surge? BNB Price Prediction for November
BNB has hit multiple peaks in 2025. The asset climbed to its most recent all-time high of $1,369.99 in October 2025. BNB is currently down by 27% from its peak. If the crypto market enters another bullish phase, BNB could hit yet another all-time high.