BNB Surges Toward $760 as Crypto Markets Regain Footing

Binance Coin shakes off bearish pressure with a decisive rebound—traders eye $760 as the next liquidity magnet.

Market Pulse: Relief Rally or Sustainable Recovery?

BNB's 15% weekly gain defies the broader crypto slump, fueled by spot market accumulation and perpetual contract funding rates flipping positive. Whale wallets added 2.1M BNB during the dip—smart money positioning or reckless FOMO?

Technical Outlook: The $760 Resistance Crucible

The 200D MA at $710 now acts as support, with RSI cooling from overbought territory. A daily close above $760 would invalidate the head-and-shoulders pattern that had analysts predicting $550 targets. CEX derivatives open interest suggests this is more than just short-covering.

Wall Street Analysts (Still) Don't Get It

While traditional finance scrambles to explain the rally, on-chain data shows DeFi protocols now hold 18% of circulating BNB supply—a 3x increase since the last market cycle. Maybe the 'useless casino chips' narrative needs revisiting?

Technical Analysis Overview

BNB’s recovery was driven by a sharp price drop early in the session, where heavy selling sent the token down to $746.29.

That level attracted strong volume with 105,239 tokens traded, well above the daily average, suggesting buyers stepped in aggressively at the discount, according to CoinDesk Research's technical analysis model.

After establishing support, BNB began forming a series of higher lows. That pattern pointed to a shift in sentiment as buyers repeatedly defended new levels, gradually pushing the price upward.

A second volume-backed bounce reinforced that trend. From there, the token climbed steadily, eventually nearing the $760 level.

 Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.