As analysts monitor rising volume and a forming bullish continuation pattern, market sentiment appears to be shifting in favor of a sustained uptrend. Data from Glassnode and TradingView shows a clear uptick in both buying momentum and investor confidence.
Binance Coin (BNB) Price is showing signs of renewed strength, trading near $672.49 after breaking past the key $666 resistance level. On-chain and technical indicators suggest that BNB price may be preparing for a larger move, supported by increased whale accumulation and daily active user growth on the BNB Chain.
Whale wallets now control over 99.9% of BNB’s supply, while user activity has climbed to 1.75 million daily addresses. With RSI approaching 60 and ascending triangle structure holding firm, BNB Price may be poised to challenge the $700 mark if support holds above $665.
BNB Price Climbs Toward $733 as Volume and Whale Demand Increase
Binance Coin (BNB) Price rose to $672.49 in the past 24 hours, climbing 1.26% amid strong buyer momentum. A clear ascending triangle has formed on the daily chart, with resistance centered around $665. This formation suggests building pressure, and analysts are now monitoring whether the token can maintain the breakout to higher levels.
Analysts emphasized that the Relative Strength Index (RSI) has reached 59.91, reflecting improving sentiment. BNB price has continued to make higher lows, converging toward a breakout zone that could trigger a move toward the projected $733 level.
BNB has now flipped the $666 resistance into potential support, with recent price action confirming an effort by buyers to establish new territory.
Source: Inspired Analyst, X
Whale Accumulation and Network Activity Reinforce Strength
On-chain data from Glassnode indicates that the top 1% of BNB addresses currently control more than 99.9% of the circulating supply. This level of concentration has increased during recent periods of price consolidation, suggesting quiet accumulation by large holders.
Inspired Analyst interprets this trend as an early signal that institutional participants may be positioning for a larger move. Historical data shows that accumulation during flat trading phases often precedes sustained directional movement.
Source: Inspired Analyst, X
At the same time, network activity on the BNB Price Chain continues to rise. Daily active addresses recently reached 1.75 million, pointing to steady demand for the token’s utility across decentralized finance, staking, and blockchain-based applications.
Increased participation from retail users, developers, and liquidity providers aligns with the chart pattern forming in BNB/USD. These on-chain metrics are contributing to a stronger base as the token attempts to hold above key levels.
Volume Surge and Price Structure Point to Continuation
The most recent intraday data shows that BNB broke through short-term resistance at $666, continuing upward momentum toward $672. Volume surged past $899 million during the rally, with hourly candles turning green across multiple sessions.
Therefore, the combination of rising volume and strong price movement suggests market conviction behind the upward trend. BNB price structure now reflects a potential bullish continuation, with the ascending triangle nearing resolution.
Source: BraveNewCoin
Trading interest has remained elevated, and the breakout above $666 is being watched as a confirmation signal. Should the Binance price maintain this level as support, the next zone of resistance is projected between $688 and $700.
With the circulating supply fixed at 145.8 million tokens, sustained demand may continue to support the upward Binance price movement. Analysts are closely observing whether this momentum will carry BNB toward the upper breakout target of $733 over the coming sessions.
Technical Breakout and Buyer Activity Support BNB’s Advance
Binance Coin (BNB) Price continued its upward trend as analyst Gustavo Maldonado identified a confirmed breakout from an ascending triangle formation. The breakout occurred above the $665 level, establishing a new short-term support zone near $640.
According to the analyst, BNB is maintaining a bullish structure with upward momentum, aiming toward a technical target of $733. This move aligns with recent trading patterns, where the price has formed higher lows and held key support zones.
On-chain data referenced in the analysis indicates increasing accumulation by large holders. Whale wallets have been gradually adding BNB positions during periods of reduced volatility, reinforcing confidence in the trend.
Meanwhile, activity on the BNB Chain has risen, with over 1.75 million daily active addresses recorded. If volume remains stable and the current structure holds, BNB may continue toward its projected resistance near $733 as market participants monitor for further confirmation.
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