- BNB’s market cap nears $165B amid strong buying pressure and rising volume.
- Support zones at $910, $1,010, and $1,110 act as main levels for potential pullbacks.
- Open interest surpasses $2.5B, hinting at possible volatility ahead.
Binance Coin is on fire, smashing past $1,200 with unstoppable momentum. Record open interest hints at big moves ahead, as traders gear up for a potential Q4 rally fueled by the strength of Layer 1 projects.
Strong Momentum Backed by Volume and Support Levels
The 4-hour BNB/USDT chart reveals a consistent uptrend since late July, with sharp price surges and healthy pullbacks. After breaking past resistance zones at $910, $1,010, and the $1,110–$1,130 range, these levels have flipped into key support areas.
Traders watching for dip-buying opportunities can look to these zones as entry points during minor corrections. Volume spikes have consistently accompanied upward moves, underlining sustained market participation and investor enthusiasm.
BNB’s price movement looks strong, with buyers pushing it past the $1,200 mark . The token is one of the top performers in the crypto space right now having gained more than 20% in 7 days.
High Open Interest Signals Potential Volatility
Open interest in BNB futures hit a record high of $2.5 billion, the largest ever for the coin. When open interest spikes like this, it often signals a big price swing on the horizon. It shows more traders are getting involved and could raise the risk of sharp liquidations if momentum suddenly shifts.
A dip to $1,034 could trigger over $300 million in long liquidations, while a rise to $1,340 might force shorts to exit, causing $80 million in liquidations.On top of that, blockchain data shows nearly 4 million BNB tokens moved to exchanges in just two days, suggesting some holders are taking profits after the recent price surge.
This kind of selling is common after big rallies and might cause some short-term price pressure.Overall, BNB’s recent run reflects a strong, healthy rally with solid market support.
BNB Takes Center Stage in Q4 Crypto Rally
This upswing isn’t happening in isolation—many projects on the Binance Smart Chain (BSC) are also picking up steam, following BNB’s lead.What we’re seeing now is a familiar pattern: big Layer 1 tokens often get the spotlight early in the quarter, paving the way for smaller projects to catch their own waves later on.
As Layer 1 tokens lead the pack this quarter, all eyes remain on BNB for what comes next.
