BNB Closes Its Strongest Trading Week in History — Is a New High Approaching?

BNB (Binance Coin) just concluded its strongest trading week ever with a record closing price of $765.22, up 10% in the past 7 days. This growth momentum is raising hopes that the coin may soon surpass the historical peak of $793.86 and enter a new price discovery phase.

🔍 New Money Flowing In — Open Interest Hits Yearly Peak

According to data from CoinGlass, the Open Interest (OI) of BNB futures contracts reached a yearly peak of $1.05 billion, a significant increase from $829.5 million just a few days earlier (last Wednesday). This is an important indicator showing that new money from investors is flowing into the market, reflecting increased confidence in BNB's bullish trend.

📊 Technical Analysis: Target Above $950?

BNB is currently trading around $762 at the start of the week, just after closing the week at an all-time high of $765.22. If the upward momentum continues, BNB may soon surpass the historical peak of $793.86 (set in December) and aim for the Fibonacci extension level of 141.40% at $956.92. This level is calculated from the August low of $400 to the December high of $793.86.

📈 Technical Pattern Breakthrough

In the middle of last week, BNB broke through the upper resistance line of the falling wedge pattern on the daily chart and reached $709.29. This technical signal is considered very positive, with confirmation coming when BNB closes above the strong resistance zone of $742 on Sunday.

🧭 Bullish & Bearish Scenario

✅ Bullish Scenario: If BNB continues to hold above the $742 mark, the likelihood of surpassing $793.86 is very high. The next target will be $956.92.

⚠️ Correction Scenario: In the event of a short-term correction, BNB may retrace to test the support zone of $709.29, which was previously an important resistance in the past week.

📝 Conclusion

With the week closing at a record high, surging derivative volumes, and breaking through negative technical patterns, BNB is in an extremely positive position to set new highs in the coming days. However, investors still need to closely monitor support levels and manage risk appropriately amid market volatility.