Binance Coin Price Maintains Bullish Structure as Momentum Builds Above $690

Binance Coin (BNB) Price is showing renewed bullish momentum as it trades near the key $690 level, following a series of ascending channel rebounds and strong moving average recoveries.

According to recent analyst insights, BNB Price has maintained support around $684, with potential to surge past $700 in the near term.

Analysts have highlighted bullish structures forming across 15-minute, 4-hour, and daily charts. With BNB price reclaiming critical short-term levels, the asset is now eyeing $800 and potentially $1,000 as part of its next major impulse.

Binance Coin Price Maintains Bullish Structure as Momentum Builds Above $690

Binance Coin (BNB) Price has continued to show strength above the $690 mark, maintaining a bullish price structure across multiple timeframes. As of July 16, 2025, BNB trades at $692.19 after gaining 1.99% over the past 24 hours. The Binance Coin price shows higher lows and steady gains, signaling potential continuation if support holds.

Source: BraveNewCoin

This momentum is backed by solid market activity and volume. With over $1.25 billion in trading volume during the 24-hour period, participation levels remain elevated. BNB now holds a market cap exceeding $101 billion, with a circulating supply of approximately 145.88 million tokens, reaffirming its place among the largest crypto assets by value.

Ascending Channel Structure Holds With $690 in Focus.

On the intraday chart, BNB is currently rebounding within an ascending channel pattern. An analyst identified multiple successful retests of both the lower trendline and a horizontal support level between $684 and $685.

The structure has been respected throughout the session, and the price is now approaching the mid-range resistance near $690. A clean 15-minute candle close above this mark could confirm the next wave toward $693 and $695.

The trade setup currently favors entries between $688 and $690, with a stop-loss suggested just below $684. This range remains key for bulls attempting to maintain short-term control. Should the price break above the upper channel resistance, the next logical area of interest would be near $700, which could serve as both a psychological and technical barrier in the near term.

Broader Timeframe Analysis Points to Strong Recovery

A wider technical view shared by analyst Crypto King shows that BNB is holding well above the 7-day moving average on the daily chart, after rebounding from $666. The recent high at $707.54 remains the closest resistance level to monitor, while the current support zone is formed by a moving average cluster just below current levels.

Source:X

This confluence suggests structural strength and ongoing recovery following prior corrections. On the 4-hour timeframe, BNB reclaimed the 7-period and 25-period moving averages and was trading at $694.74 at the time of the post.

This recovery above local resistance indicates a strengthening trend alignment. The analyst forecasts potential movement toward $800, with a projected consolidation phase at that level. Support from the broader Web3 ecosystem and ongoing interest in the asset are seen as key drivers for maintaining this upward structure.

Volume Supports Rally as Buyers Defend Key Levels

The 24-hour price trend for BNB displayed strong upward pressure, beginning from lows near $675 and climbing steadily throughout the day. A spike above $690 was briefly tested before a short pullback, after which the price stabilized and continued its upward path. This behavior confirms ongoing demand and disciplined market participation around support zones.

Volume remained above average during this period, reaching over $1.25 billion, which reinforces the validity of the price move. Rather than short bursts of high activity, the session was marked by consistent trading interest. As long as this volume base remains intact and price continues to respect channel and support structures, BNB may attempt a breakout toward $707.54 and possibly the $800 level in the sessions ahead.