- BNB has broken through important resistance levels and positioned itself to target $ 720.
- Rising social dominance, haisse indicators and derivative data signaled continued upward speed for BNB.
Binance Coin (BNB) Showing impressively haussearted momentum, breaks through several resistance levels and reaching new heights.
At press time, BNB is traded at $ 700.48, an increase of 8.89% over the past 24 hours. But the big question remains: Can this step continue and push the coin on towards the $ 720 level?
Break resistance levels: Is BNB ready to grow?
Binance Coin’s performance in recent days has shown impressive strength when it broke against key resistance levels. After its outbreak from the falling trend line, Binance Coin moved past significant price barriers, such as $ 678 and $ 660.
Therefore, BNB now sees the next resistance zone to about $ 720.
If BNB manages to clear this obstacle, it may ignite a fresh wave of haussertat momentum and press it towards even higher goals. This price measure suggests that the coin is well positioned for further growth, especially if it can hold over the $ 700 brand.
Source: Tradingview
How does BNB’s social dominance affect its rally?
In addition, the rising social dominance provides additional fuel for its rally. Metrics have increased to 1.74%, indicating a growing interest in the coin.
Social dominance often correlates with increased trade volume and more market participation, which can further drive the price upwards. As a result, it is likely to increase the social scraps around Binance coins to contribute positively to their ongoing movement upwards.
Therefore, the growing attention on social platforms can help maintain this haus -like trend and press BNB against the $ 720 $ resistance.
Source: Santiment
Technical Indicators: Haussearted Signals from RSI and Ma Cross
When you look at the technical indicators, BNB’s prospects remain Hausse. At the time of writing, the relative strength index (RSI) was 62.69, which indicates that the coin is approaching over -mates territory but still has room for growth.
In addition, the moving average values (MA) at 9 and 21 periods have recently crossed, signaling continued upwards. The 9-day MA is $ 623.1, while 21-day MA is $ 641.3.
Both confirm the haus -like trend. These technical signals point to further upward potential for BNB in the short term.
Source: Tradingview
Derivate data: Volume and open interest in interest
The Derivate’s data for BNB also supports the haus -like outlook. The volume has increased by 170.02%and reaches $ 3.52 billion and open interest rates have increased by 32.97%, now to $ 1.03 billion.
In addition, the alternative volume has jumped by 276.75%, which reflects increased marketing activity. These figures indicate that traders are positioning for more upward movement, which may further drive $ BNB’s price.
Source: Coinglass
Conclusion: Will BNB reach $ 720?
Given the strong price measure, increasing social dominance, haussearted technical indicators and growing derivative data, it is likely that BNB will continue its upward track.
Read Binance Coin’s (BNB) Price Presence 2025–2026
The outbreak above the falling trend line sets the stage for further growth, and the next key resistance around $ 720 remains a major goal.
Therefore, BNB is positioned to maintain its haus -like speed and possibly surpass $ 720 soon.
