$BNB Why is the price of BNB rising? Binance Coin Crosses $780 ...
July 20, 2025
Binance Coin (BNB) has crossed the $780 level for the first time in more than a year, mainly due to a strong technical breakout, increasing market interest and positive market structure.
According to market analysts, the $800 level is currently the next major target, however, there are also signs of short-term consolidation.
Binance BNB recently crossed the $700 resistance level and consolidated its position between $740 and $755, which has increased confidence in the market.
Currently, the coin price is between $758 and $781, which has entered the important resistance range of $747 to $793.
If this range is crossed, Binance Coin could move towards the psychological level of $800, which is close to the peak of the 2021 bull market.
Technical analysis shows that BNB is in a stable and healthy uptrend,
The price is well above the 50 and 200-day moving averages, indicating a long-term positive trend, the 20-day EMA is providing dynamic support at around $675,
The daily RSI index is near 75, which is strong but not yet overbought, the MACD is also in the positive zone, indicating increasing momentum,
On-chain data and derivatives data also support the strength of Binance Coin,
The outflow of over 429,000 BNB from the exchange shows that investors are moving tokens to cold storage or staking, which is reducing selling pressure,
Futures open interest has reached almost $1 billion, indicating increasing speculative interest in the market, while funding rates are moderate are, which means the rally is not debt-driven,
Volume trends also show participation from institutional and retail investors,
Overall, the increase in the price of Binance Coin is a result of technical fundamentals, on-chain data and strengthening market confidence,
While short-term consolidation remains likely, the medium and long-term trend is positive, and investors are watching for signs of a price breakout or a slowdown in the next few days..