Binance Price Prediction: BNB Set to Smash $700 as Bulls Build Momentum

Currently trading at $669.52, BNB continues to hold a key position among top digital assets, backed by a solid fundamental framework and growing technical signals of a possible breakout.

The asset’s consolidation pattern, paired with stable open interest and favorable weekly indicators, sets the stage for a potential move toward the $700 level in the coming sessions.

Stabilization Evident in Hourly Price and Open Interest Trends

The 1-hour chart of Binance price prediction on Open Interest reveals a pattern of consolidation following a downtrend that occurred between May 28 and May 31, when BNB fell from around $690 to $640.

This decline was marked by strong bearish momentum but was followed by a recovery phase beginning in early June. Since then, BNB has been forming higher lows and gradually climbing, stabilizing within the $660–$675 range.

Source:Open Interest

Accompanying this price behavior, the aggregated open interest chart displays a sharp increase in open positions on May 29, coinciding with peak volatility and price decline. Open interest rose to about 4.8 million contracts before gradually falling to 3.4 million, suggesting a cooling-off of speculative trades.

This decline indicates that leveraged positions were either liquidated or closed as volatility decreased. The recent flattening of open interest, in line with price consolidation, implies a market awaiting confirmation—either for a bullish breakout above $675 or a pullback below $655.

Binance Price Prediction: Data Highlights Cautious Market Sentiment

Additionally, in the latest 24-hour performance, BNB recorded a modest gain of 0.48%, closing at $664.54. Price action remained constrained within a $662 to $671 range, with no major breakout, suggesting that traders are in a wait-and-see phase.

The lack of sharp price movements or significant volatility points to consolidation, a common phase before directional momentum resumes. Despite minor intraday swings, the price remained well-supported, holding above key short-term moving averages.

Source:Brave New Coin

The trading volume over this period stood at $389.09 million, which is lower than the token’s usual daily average volume of $1.5–$2 billion. This decline aligns with the subdued price action and implies reduced speculative activity.

It could also indicate that investors are waiting for external catalysts such as macroeconomic data, platform developments, or broader crypto market direction. Liquidity remains adequate for execution, but the muted volume reflects a neutral sentiment in the short term.

On the fundamentals side, Binance price prediction retains its status as a key asset in the crypto space with a market cap near $97 billion and a circulating supply of around 145.9 million tokens. The token is deeply integrated within the Binance ecosystem, serving as a utility asset for fee payments, trading incentives, and participation in token sales.

Additionally, its deflationary structure through scheduled burns provides long-term support by reducing supply over time, reinforcing its value proposition for both retail and institutional participants.

BNB Price Weekly Chart Points to Renewed Bullish Momentum

On the other hand, the weekly chart of BNB/USDT offers encouraging signs that the broader trend may be shifting in favor of buyers. After bottoming out near $600 earlier in the year, BNB has gradually posted higher lows and modestly rising highs, forming a steady upward slope. Recent weekly candles are small in size, often reflecting price consolidation, but their placement at higher levels suggests sustained support from buyers.

Source:TradingView

The MACD (Moving Average Convergence Divergence) has formed a clear bullish crossover, with the MACD line currently at 9.92, exceeding the signal line at 4.13. This positive crossover, along with a growing histogram reading of 5.79, points to strengthening upside momentum. The indicator reflects a reversal from earlier months of bearish divergence, now suggesting the potential for a sustained uptrend.

The RSI (Relative Strength Index) stands at 56.46, remaining in the neutral-to-bullish zone. The RSI has been gradually climbing since April, indicating increasing buying strength without yet reaching overbought conditions.

As long as RSI continues to trend upward alongside MACD confirmation, the setup remains favorable for a possible test of the $700 level. A strong weekly close above this psychological and technical barrier could open the path toward $740–$780, provided market sentiment and volume align with price action.