Binance Coin: Mapping BNB’s road to $700 – How, when, and what next?

• BNB flipped $640 into support, putting the $700 milestone within reach amid a confirmed breakout from long-term resistance.
• Open Interest climbed to $840 million, signaling increased capital inflow and growing trader confidence in BNB’s upward trajectory.

Binance Coin’s [BNB] showed renewed strength after holding firm above the $500 support level.

That floor held strong.

This price level experienced three rejections that eventually led to a bullish breakout above the supply zone around the $640 psychological level.

Source: TradingView

The rebound above this level also reversed a long-term downtrend line, which was a sign of a potential shift in the market structure.

A previously acting supply barrier is now a demand zone—a sign of shifting bullish momentum.

Bullish accumulation after retesting a new demand zone

After the breakout, BNB briefly pulled back to test the $640 zone. Instead of breaking down, the price set new support, confirming the role reversal from supply to support.

In fact, the retest drew in stronger buying volume. It signaled that bulls were not only present—but in control.

With $640 now defended, higher price targets are no longer speculative—they’re probable.

Liquidity at $730 and the $700 target in sight

The next target that is so obvious is at the $700 level.

It’s not just a psychological level—it’s a stepping stone to a liquidity cluster at $730. Prices usually push to such liquidity clusters, especially when momentum is building up.

BNB traders appear to be setting sights on this unmitigated spot, and as such, the move up towards $700 could be more than speculative—it could be structurally backed.

BNB Open Interest rally enhances the bullish narrative

Backing the technical setup, Open Interest jumped over 10% to hit $840 million at press time. The rise shows higher capital inflows into derivatives, meaning increased market confidence.

Growing Open Interest is known to fuel volatility and trend extension, especially if combined with a solid technical setup like BNB’s recent breakout.

Source: CoinGlass

BNB is presently basking in a wave of bullish momentum fueled by technical developments and market participation.

If the trend sustains, $700 could be the next important hurdle, one which hopefully will be short-lived, considering the untapped liquidity above $730.