- BNB trades near ATH with strong bullish structure, aiming for a breakout above $750 resistance.
- Technicals show rising volume, high RSI, and $1B open interest—momentum remains strong.
- $1B token burn and TradFi integration boost BNB’s long-term growth outlook toward $2,000.
Binance Coin (BNB) is currently positioned just below its all-time high (ATH), with technical data suggesting a bullish continuation. Analysts indicate that BNB is forming a robust market structure, and a breakout above key resistance appears likely. At the time of writing, BNB was trading at $734, showing persistent upward momentum.
Strong Bullish Structure Near All-Time High
According to analysis prepared by Crypto Patel, BNB is coiling under its previous ATH with a strong bullish structure. The price has been steadily climbing, supported by increased trading volume and higher market participation. Open interest in BNB futures has also grown, nearing $1 billion, as per CoinGlass data.
BNB is trading above crucial moving averages such as the 50-day and 200-day simple moving averages. This indicates sustained strength in the long-term trend. The asset is currently testing a resistance zone between $747 and $793, which has historically capped price advances since 2021. Analysts believe that if BNB clears this zone, the path towards $2,000 becomes more visible.
The Moving Average Convergence Divergence (MACD) has shown some short-term weakness, but the overall trend remains intact. The Relative Strength Index (RSI) is around 78, indicating strong buying pressure even as it approaches overbought conditions. Traders continue to monitor these indicators for signs of further momentum.
Market Developments Supporting Uptrend
Recent developments have bolstered BNB’s market performance. According to Binance’s report, the platform completed a $1 billion token burn, reducing the circulating supply and supporting price stability. Infrastructure upgrades to the BNB Chain have enhanced scalability, improving the network’s competitiveness against other blockchains.
Additionally, Binance announced a partnership with Ondo Finance, enabling tokenized U.S. stocks and ETFs on BNB Chain. This integration with traditional finance is expected to attract more institutional participation. The Caldera (ERA) airdrop has also incentivized BNB holdings, encouraging long-term investment.
Crypto Virtous stated on social media, “BNB is FLYINGGG!! Very close to all time high once again. Ready to break the $800 mark.” According to the market analysts, a confirmed breakout at the price level of above $750 may cause a rally to the price areas of $800, and in the long term, $2,000.
