BNB Hits $881 ATH as Open Interest Surges Past $1.1 Billion

• BNB holds firm above $850 support, eyeing $900 if resistance near $880 breaks
• Momentum stays positive, though RSI at 64 signals caution for near-term upside
• Open interest hits $1.1B, with Binance leading leverage that may fuel volatility

BNB, the native token of Binance, surged to a fresh all-time high of $881 earlier today before easing slightly. At the time of writing, the token trades near $862, reflecting a 3.42% daily gain. 

This powerful rally has pushed BNB’s market capitalization above $120 billion, solidifying its position among the world’s top digital assets. The move, which comes as the token’s market cap set a milestone, ranks 191st globally among all assets, was accompanied by a notable surge in trading activity, signaling increased investor confidence and showing how BNB’s utility and institutional backing are fueling its rally.

The Battle Between Support and Resistance

The market is now in a clear battle at these new highs. The support level between $850 to $853 has proven resilient, with the price bouncing strongly from this area earlier in the session. This zone now acts as the immediate foundation for any further advances.

On the flip side, the $878 to $880 resistance region remains a tough barrier. The token has tested this range multiple times but faced consistent selling pressure. 

This ceiling will likely determine whether BNB can extend its rally toward the next milestone at $900. If buyers fail to maintain momentum, analysts caution that prices could slip toward the $830–820 area, where demand might reappear.

Technical Momentum and Market Positioning

Momentum indicators suggest optimism but also advise caution. The MACD remains positive, though it has begun to flatten, hinting at a short-term consolidation phase. Meanwhile, the RSI near 64 indicates the token is leaning toward overbought territory but still has room for moderate upside.

Besides technicals, market positioning also supports a bullish backdrop. Total open interest across BNB contracts has climbed to $1.1 billion, with perpetual contracts contributing the majority. 

Binance leads with $703 million in exposure, followed by Bybit and OKX. This distribution reflects a concentration of leverage on major exchanges, which could magnify volatility if traders push aggressively in either direction.