Is BNB Ready to Surge? Two Reasons Why Price is Showing Strength

Jakarta, Pintu News – BNB Chain usage has increased sharply, but price action is still stuck below key resistance.

Traders’ Confidence Begins to Waver

BNB’s Long/Short ratio on Binance was recorded at 1.70, with 63.02% of accounts holding long positions. This shows that most traders are still optimistic about BNB’s prospects. However, there are concerns raised as this ratio shows a decline from the previous period, which could be an indication of hesitation among traders.

Nonetheless, strong support at $625 has been successfully defended by buyers. If this continues, there is potential that BNB will try to break through the important resistance at $700. However, if buyers are unable to maintain this momentum, BNB may continue to move within the current price range.

Also Read: Ethereum (ETH) Prepares for a Surge: Bullish Signs Strengthen

Options Frenzy Explodes

Derivatives data showed increased trader participation, with volumes increasing by 63.83% to $630.92 million. Options volume also jumped dramatically by 102.71% to $2.37 million. This indicates that there is a significant increase in interest in BNB derivatives, which could be a positive indicator for future prices.

This increase in volume suggests that traders are not only active in spot trading but are also increasingly interested in options as a way to take positions in BNB. This could be a signal that traders are anticipating significant price movements in the near future, be it upwards or downwards.

Will $700 be a Booster or a Barrier?

Currently, BNB is still trading above an important uptrend line, with the next big resistance being $700. Buyers have managed to defend the support at $625 successfully. If they can take control and push the price past $700, BNB could resume its uptrend.

However, if BNB fails to generate upward momentum, prices may remain confined within the current range. Key support at $625 will be crucial to maintain to avoid further declines that could negatively affect market sentiment.

Conclusion

Increased BNB network activity, strong trend support, and booming derivatives participation reflect growing market interest. Despite the decline in long/short conviction, the current bullish structure still provides hope for buyers. Going forward, the ability to break $700 will largely determine the price direction of BNB.

Read More: Will Selling Pressure Shake Chainlink’s Bullish Dominance?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMB Crypto. Is BNB ready for a bullish breakout? 2 reasons why price shows strength. Accessed on June 19, 2025
• Featured Image: Generated by AI