Binance Coin Price Prediction: Forecasts Breakout Toward $750 if Trend Continues

Binance Coin (BNB) has shown renewed signs of strength after consolidating for several sessions. A sudden shift in momentum around July 6 sent the token above near-term resistance levels, hinting at a potential continuation toward higher targets.

The current price structure suggests that bulls are gaining control, supported by rising derivatives activity and improving technical indicators. As the asset stabilizes above $660, analysts are watching closely for signals of a sustained breakout.

Price Action Shows Breakout Strength with Derivatives Support

The 1-hour BNB/USDT chart displays a short-term breakout from the $648 region, with the price surging past $664 before encountering resistance. Despite retracing slightly to $661.57, BNB continues to hold the breakout level, forming a higher base that suggests buyer interest remains intact. The structure indicates a bullish shift in sentiment after a prolonged period of sideways movement and minor pullbacks that defined the earlier part of July.

Source: Open Interest

Underlying this move is a sharp rise in open interest, which more than doubled from approximately 3.5 million to 6.14 million. This surge began just as the breakout initiated on July 6, pointing to increased activity in BNB’s derivatives markets. The expansion of open interest in conjunction with upward price movement typically reflects increased long positioning, hinting at further volatility with a potential upside bias. Traders may monitor this indicator closely, as additional rises without price progress could raise caution regarding over-leveraged conditions.

The short-term resistance band near $668 remains a key level. A clean break above this zone, particularly with continued growth in open interest and volume, would strengthen the case for continuation toward the $675–$700 region. However, failure to hold above $660 could trigger profit-taking and reduce momentum in the immediate term.

Binance Coin Price Prediction: Strong Volume Accompanies Upward Move

Over the past 24 hours, BNB recorded a 0.89% gain, closing at $662.39, according to market data. The price moved from a session low of around $654 to a peak near $668 before consolidating. This price action formed a defined range just above key support, suggesting the presence of buyers defending the breakout.

The move coincided with an increase in daily trading volume, which reached approximately $567.99 million, lending support to the validity of the trend shift.

Source: BraveNewCoin

Volume trends indicate robust trader engagement, especially during upward price phases. Higher volume often suggests conviction among participants, an important consideration when evaluating the sustainability of recent gains. While the volume tapered slightly during the consolidation period following the spike, it remained elevated compared to prior sessions, indicating that market interest in BNB persists.

Market capitalization now stands at approximately $96.64 billion, keeping BNB firmly positioned among the top five cryptocurrencies by valuation. The increase in trading activity, especially among high-cap assets like BNB, suggests that investor sentiment is improving across the broader market. Continued strength above $660 may signal confidence in BNB’s potential for a more sustained advance.

Technical Indicators Point to Uptrend Formation

On the daily chart, BNB trades around $663.4, supported by a series of stable closes above the $650 level. This zone has acted as a reliable support base for several sessions, reflecting gradual accumulation. The broader price range spans from long-term support near $508 to resistance around $670, giving BNB ample room for future movement. Traders are closely observing whether the current grind higher can evolve into a more decisive breakout pattern.

Source: TradingView

Momentum indicators support a cautiously bullish trend. The Relative Strength Index (RSI) stands at 56.56, slightly above the neutral midpoint, with its average line at 52.62. This alignment reflects building momentum that has not yet reached overbought conditions, leaving space for further gains. A move above the 60 level would likely reinforce the upward trend.

The MACD indicator also supports continued strength. A bullish crossover is in progress, with the MACD line at 3.1 and the signal line at 1.0, while the histogram has printed green at 2.1. Although the histogram remains moderate, its positive slope signals growing buying pressure. If BNB can maintain this trend and overcome resistance near $670, it could position the token for an extended rally targeting the $700–$750 range.