BNB Surges to $794.1 Driven by 24.33% Open Interest Rise, Eyes $850 Resistance

Generated by AI AgentCoin World
Wednesday, Jul 23, 2025 8:21 am ET1min read
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Aime RobotAime Summary

- BNB surged to $794.1 on July 24, 2025, breaking above the $675–$700 supply zone and reinforced by strong derivatives positioning and on-chain metrics.

- Technical indicators (Supertrend, DMI) and a 24.33% rise in open interest to $1.28B validate bullish momentum, with $850 as the next resistance target.

- Institutional demand pushed BNB’s market cap to $110B, but analysts caution sustaining momentum above $768 is critical to avoid a pullback toward $742 EMA.

- Short-term forecasts project $815–$850 as key targets if support holds, while derivatives volume ($2.21B) and open interest remain key monitoring metrics.

BNB (BNB) has surged to $794.1 as of July 24, 2025, driven by a breakout above the $675–$700 supply zone and reinforced by strong derivatives positioning and on-chain metrics. The price action confirms a shift in momentum, with the token trading within a long-term ascending channel and approaching the $850 resistance level. Technical indicators such as the Supertrend and Directional Movement Index (DMI) validate the bullish trend, while the +DI line’s dominance over -DI and a rising ADX signal sustained directional strength [1]. Derivatives data further supports this optimism, with open interest rising 24.33% to $1.28 billion and the Binance long-short ratio exceeding 1.7, reflecting aggressive long positions [1].

Short-term analysis suggests

BNB
must hold above $768 to maintain bullish momentum. If successful, the next targets at $815 and $850 could be tested within the coming weeks. A breakdown below $768, however, may trigger a pullback toward the $742 EMA or lower Bollinger band. The 4-hour chart indicates price remains above key exponential moving averages (EMAs), with the EMA20 at $768 acting as a critical support. Bollinger Bands are expanded, and the 30-minute RSI has cooled to 56.2 from earlier overbought levels, suggesting a potential consolidation phase without reversal [1].

Analysts highlight July 23’s $801 peak as a sign of institutional buying and rising trading volumes, with the token up 4% daily and 14% weekly. While some forecasts project a 24-hour range of $745–$857 [4], others anticipate a test of $860 as the next milestone following proximity to an all-time high of $800.50 [6]. Institutional demand has pushed BNB’s market capitalization to $110 billion, though caution persists around sustaining momentum above $768 [7].

The broader July outlook remains bullish, with average trading ranges projected between $723.74–$847.88 for the month. Analysts emphasize monitoring derivatives volume and open interest as key indicators, with current levels at $2.21 billion in trading volume and $1.28 billion in open interest [1]. Should BNB close above $800 with continued volume, further bullish moves toward $850 and beyond may gain traction.

Source:

[1] [BNB (BNB) Price Prediction for July 24](https://coinedition.com/bnb-price-prediction-for-july-24-2025/)

[4] [BINANCE COIN PRICE PREDICTION TOMORROW, WEEK...](https://30rates.com/binance-coin)

[6] [BNB Price Hits New ATH - Is $860 the Next Target?](https://coinpedia.org/price-analysis/bnb-price-hits-new-ath-is-860-the-next-target/)

[7] [BNB Surges to $801 on 4% Daily Gain, 14% Weekly Rally...](https://www.ainvest.com/news/solana-news-today-bnb-surges-801-4-daily-gain-14-weekly-rally-institutional-demand-boosts-110b-market-cap-2507/)