BNB Chain Hits $157B Volume—So Why Can’t Binance Coin (BNB) Crack $660?

BNB Chain just flexed a monstrous $157 billion trading volume—yet Binance Coin (BNB) still can't smash the $660 barrier. What gives?

Price vs. Performance: The Great Crypto Contradiction

While the chain's activity screams bullish, BNB's price action is stuck in neutral. Traders are piling into the ecosystem, but the token itself refuses to moon. Classic crypto: build a rocketship, forget the fuel.

Wall Street would call this 'dislocation.' We call it Tuesday.

• Binance Coin rises 0.69% but still struggles near $660, while investor sentiment stays moderately bullish.
• MACD signals weakening momentum; failure to cross $660 may lead to a pullback toward the $640 support zone.
• BNB Chain hits $157B DEX volume in June, yet Binance Coin’s price continues to lag behind strong network growth.

Binance Coin is still struggling to hold above $660, despite indicators on its underlying network suggesting robust expansion. The price of the token is now $656.66, representing a 0.69% increase over the last 24 hours. Although this is a slight negative, it has recorded a weekly increase of 1.47%, which suggests that investors are slightly bullish on it.

Source: CoinMarketCap

Binance Coin Struggles to Maintain Bullish Setup

The latest market analysis of Binance Coin points to a technical setupthat is mixed. The Relative Strength Index (RSI) is at 57.65, above the neutral range. This has a slight probability of weakened momentum, although buying pressure is moderate. The 4-hour chart has a small lower high structure, as well, that indicates prudence on the part of bullish traders.

MACD indicators point out that the ongoing rally is losing momentum. MACD line has been set at 1.62 and the signal line is slightly higher than the MACD line at 1.66. The shrinking distance between the two lines and the damaged histogram could be an indication of a slowdown or base building mode. Failure to rise above the $660 mark may drive the Binance Coin down to the support zone at around $640.

Source: TradingView

BNB’s Market Activity: Volume Surge and Liquidation Patterns

The market participation is high, and it is supported by the derivatives data. Coinglass reported that BNB 24-hour trading volume increased by 14.06%, to a level of $481.27 million. The open interest also showed a gain of 2.03% to stand at 752.76 million. 

The recent market analysis of Binance Coin also reveals certain inconsistencies in its liquidation patterns. The level of total liquidations in the past 24 hours totalled $479.96 with longs having $338.84K and the shorts having $141.12K. The directional bias in favor of long positions indicates that the bullish traders have weak defence in the event of further price action declining.

Source: Coinglass

Meanwhile, BNB Chain, the network on which Binance Coin operates, has recorded its best decentralized exchange (DEX) results of the last four years. In June 2025 the chain had more than $157 billion of monthly DEX volume. It is the greatest level since 2021, showing a rebound in on-chain trading practice.

The beginning of 2025 has been marvelous to BNB Chain. The amount of revenues in January and June was their maximum since 2021, which is a sign of gradual growth of usage and engagement of users. Such indicators represent growing trust in the BNB ecosystem, despite the token’s price not yet catching up.

Source: X

Market valuation of Binance Coin has not been catching up with the performance of the network. Such a contradiction between the strength of the chain and the direction of the price has stirred some eyebrows within the crypto community. Even the performance of the native chain has not led to an appropriate evaluation of the token according to what many observers think.

Going forward, a strong bull drive must start when the price exceeds $660. However, another consolidation or a temporary decline may come after the failure to overcome this opposition. The size of volumes and MACD crossovers have also become valuable signals to take note of the traders by the next big surge of the market.