Overview
- BNB pushed into the mid-$600s and is testing the $665–$685 resistance zone after clearing a months-long descending triangle on the daily chart.
- Derivatives activity turned more upbeat as CoinGlass reported a 7% jump in BNB futures open interest over the past 24 hours.
- Momentum gauges strengthened, with a bullish MACD crossover and an Aroon Up reading above 90 signaling improving trend support.
- The bullish path maps to an initial hurdle near $740 and a measured move toward about $785 if price holds above roughly $640.
- If the breakout falters, traders are watching for a pullback toward about $627, while April’s large quarterly token burn remains a supportive backdrop for supply.