BNB’s $700 Sprint: Binance Coin Defies Gravity—But for How Long?

Binance Coin isn’t asking permission—it’s carving a path to $700 with the subtlety of a bull in a crypto china shop. Here’s how the exchange token keeps dodging regulators and market cycles like a blockchain ninja.

The ’how’: BNB’s burn mechanism keeps supply tighter than a VC’s purse strings, while Binance’s ecosystem sprawl turns every new product into a rocket booster.

The ’when’: Watch for the next altseason—this token historically pumps when retail FOMO meets institutional ’oh shit’ moments.

The catch: Even the most ardent crypto bros know exchange tokens live and die by regulatory whims. One bad SEC filing could turn this rally into a cautionary tweet.

Funny how the ’decentralized’ future still hinges on centralized players, isn’t it?

Source: TradingView

The rebound above this level also reversed a long-term downtrend line, which was a sign of a potential shift in the market structure.

A previously acting supply barrier is now a demand zone—a sign of shifting bullish momentum.

Bullish accumulation after retesting a new demand zone

After the breakout, BNB briefly pulled back to test the $640 zone. Instead of breaking down, the price set new support, confirming the role reversal from supply to support.

In fact, the retest drew in stronger buying volume. It signaled that bulls were not only present—but in control.

With $640 now defended, higher price targets are no longer speculative—they’re probable.

Liquidity at $730 and the $700 target in sight

The next target that is so obvious is at the $700 level.

It’s not just a psychological level—it’s a stepping stone to a liquidity cluster at $730. Prices usually push to such liquidity clusters, especially when momentum is building up.

BNB traders appear to be setting sights on this unmitigated spot, and as such, the MOVE up towards $700 could be more than speculative—it could be structurally backed.

BNB Open Interest rally enhances the bullish narrative

Backing the technical setup, Open Interest jumped over 10% to hit $840 million at press time. The rise shows higher capital inflows into derivatives, meaning increased market confidence.

Growing Open Interest is known to fuel volatility and trend extension, especially if combined with a solid technical setup like BNB’s recent breakout.

Source: CoinGlass

BNB is presently basking in a wave of bullish momentum fueled by technical developments and market participation.

If the trend sustains, $700 could be the next important hurdle, one which hopefully will be short-lived, considering the untapped liquidity above $730.