As of July 23rd, 2025, BNB is displaying strong bullish momentum, with some analyses indicating it has hit new all-time highs, surpassing Solana's market cap. Technical indicators like rising Open Interest and positive funding rates support a continued rally, with targets around $900. However, the Relative Strength Index (RSI) is in overbought territory, suggesting a potential short-term correction or consolidation.
Fundamentally, institutional interest seems to be growing, with reports of large BNB accumulations. The Maxwell upgrade, improving transaction throughput, also adds to its utility. While the overall market sentiment is cautiously optimistic, a retest of support levels around $742 can't be ruled out if profit-taking occurs. Overall, experts predict BNB will continue its upward trend in July 2025, potentially reaching $740-$800, with some even forecasting an $825-$860 range by month-end.
