BNB is pushing higher, currently trading near $794 after a clean break above the $675 to $700 supply zone. The rally follows a structural shift that began earlier this month and is now backed by strong volume and long-dominant derivatives positioning.
What’s Happening With BNB’s Price?
On the daily chart, BNB price has confirmed a breakout from a compressed structure that previously faced repeated rejection. The move past $700 was accompanied by a wide bullish candle that flipped prior resistance into support. The price is now rising inside a long-term ascending channel, with the upper boundary near $850 acting as the next potential test.
The weekly chart also shows BNB pushing past the midline of the channel, which has historically triggered strong continuation. If this breakout holds, price could continue grinding toward the $900 area over the coming weeks.
Why BNB Price Going Up Today?
Why BNB price going up today is tied to aggressive long interest and strong on-chain confirmation. Coinglass data shows that open interest has increased by over 24 percent, now standing at $1.28 billion. Volume has also jumped 17.75 percent to $2.21 billion. The Binance long-short ratio is above 1.7, and top trader positions show continued bias toward long setups.
The Supertrend indicator has flipped bullish, printing a support level at $723. Price has moved significantly above this marker, which aligns with previous resistance that now acts as a retest zone. The Directional Movement Index confirms this trend strength, with the +DI line sharply elevated, -DI lagging, and ADX rising. This setup reflects a trend in motion rather than early formation.
Indicators Confirm Momentum But Suggest Cooling Phase Ahead
On the 4-hour chart, BNB price action remains above all major exponential moving averages. The EMA20 is at $768, and the EMA50 and EMA100 are stacked further below at $742 and $717. This alignment confirms a strong bullish structure. Bollinger Bands are widely expanded, with price pushing above the upper band near $797. A minor consolidation could occur to absorb recent gains.
The 30-minute RSI has dropped to 56 from earlier peaks near 80, indicating a cooldown without a full reversal. MACD remains in positive territory, though the histogram shows signs of tapering. These signals suggest buyers are still in control but may pause before initiating another leg higher.
BNB Price Prediction: Short-Term Outlook (24H)
BNB price today is expected to hold above $768 to keep bullish momentum intact. If this level is defended, upside continuation toward $815 and $850 becomes increasingly likely. The breakout zone between $765 and $778 may serve as a springboard for the next move.
If price falls below $742, a deeper pullback toward the 100 EMA and lower Bollinger band may unfold. However, this scenario remains secondary as long as derivatives data and trend indicators stay supportive.
The market remains long-heavy, and structure still favors buyers. A close above $800 with continued volume would likely confirm another breakout round.
BNB Price Forecast Table: July 24, 2025
| Indicator/Zone | Level / Signal |
| BNB price today | $794.1 |
| Resistance 1 | $815 |
| Resistance 2 | $850 |
| Support 1 | $768 |
| Support 2 | $742 |
| EMA Cluster (20/50/100/200) | $768 / $742 / $717 / $693 (Bullish) |
| RSI (30-min) | 56.2 (Cooling, not bearish) |
| MACD (30-min) | Positive, flattening momentum |
| Bollinger Bands (4H) | Expanded, overbought conditions |
| Supertrend (1D) | Bullish above $723 |
| DMI (1D) | Trend active, +DI leading |
| Derivatives Volume | $2.21B (+17.75%), Long-Biased |
| Open Interest (BNB Futures) | $1.28B (+24.33%) |
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
