Binance Coin (BNB) shows signs of a breakout with strong bullish momentum, supported by rising derivatives activity and positive technical indicators.
The price surged above $660, forming a higher base and indicating a shift in sentiment towards bullishness after a period of consolidation in July.
Increased open interest in BNB's derivatives markets suggests a potential upside bias, but traders should monitor for over-leveraged conditions and profit-taking around $660.
With strong volume accompanying the upward move and technical indicators pointing to an uptrend, BNB could target the $700–$750 range if it can sustain momentum and overcome resistance levels.