BNB Aims for New Highs with Positive Signals

BNB has established strong support at $491, indicating bullish potential. A liquidation pool of 372,000 BNB at $522.5 could further drive prices upward.

Azcnews Bnb Aims For New Highs With Positive Signals

Binance Coin (BNB) is exhibiting bullish momentum as it tests a critical support level, hovering near the $491 mark. This support zone has consistently been a notable point for buyers, as evidenced by repeated rebounds from this level. The robustness of this support suggests that BNB could be gearing up for a bullish reversal.

The BNB price chart displays the formation of a bullish pattern, with prices adhering to an upward trendline over time, indicating increasing buying pressure. This suggests that if the trend continues, the token might surpass significant trendline resistance levels as it aims for a target of $555.

Will the liquidation pool of BNB fuel this bullish momentum? According to Coinglass liquidation data, there is a massive liquidation pool of 37,200 BNB at a price around $522.

Bnb Chart
Bnb Chart

Historically, sudden price surges often occur when such concentrated orders are involved during liquidation. As the exchange rate approaches this level, a short squeeze could quickly propel the price toward the $555 target.

Over the past months, it appears there have been no significant changes in the open interest data for the BNB Exchange. Despite some recent price fluctuations, the level of open interest has remained relatively stable.

This stability indicates consistent participation from market players. Such steadiness in open interest might provide ample liquidity for any potential upward moves.

Bnb Liquidation
Bnb Liquidation

Eyes on $555

Current market prices and on-chain metrics suggest that BNB could be in a bullish state, even though the cryptocurrency market remains highly unpredictable.

The strong support at $491, coupled with a substantial liquidation pool at $522.5, creates an intriguing setup for a potential price rally.

Love

0.0/5

Love

Latest

Bnb Plunges After Being Added To Coinbase’s Listing Roadmap

News | Altcoin | Editor Choice

BNB Plunges After Being Added to Coinbase’s Listing Roadmap

BNB’s price has tumbled sharply in recent days, despite the positive news that the token is set to be listed on Coinbase.

Hyperliquid Leads The $1.4 Billion Token Buyback Wave Sweeping Through Crypto In 2025

News | Altcoin | Editor Choice

Hyperliquid Leads the $1.4 Billion Token Buyback Wave Sweeping Through Crypto in 2025

The year 2025 is witnessing the largest token buyback wave in crypto history, as blockchain projects have spent over $1.4 billion to reduce circulating supply — and Hyperliquid is leading the charge with an unprecedented scale.

Binance Selling Pressure Weighs On Bitcoin

News | Bitcoin | Editor Choice

Binance Selling Pressure Weighs on Bitcoin, But ‘Uptober’ Could Soon Turn the Tide

Despite the ongoing selling pressure, analysts at CryptoQuant believe this is only a short-term correction before Bitcoin’s typical late-October rebound — the so-called “Uptober” — begins.

Binance Completes Gopax Acquisition, Paving The Way For A South Korean Comeback

News | Editor Choice | Policy & Regulations

Binance Completes Gopax Acquisition, Paving the Way for a South Korean Comeback

According to a report from South Korean outlet MK, the world’s largest cryptocurrency exchange Binance has officially completed its acquisition of Gopax, one of the five licensed digital asset exchanges in South Korea.

Why Hyperliquid Is Becoming Unstoppable

News | Altcoin | Editor Choice

After the Crash and Scandal: Why Hyperliquid Is Becoming Unstoppable

Amid record-breaking liquidations and a listing scandal that rocked Binance, Hyperliquid has risen as DeFi’s “fortress of steel” — a living testament to the true power of transparency and decentralization.

Screenshot 2025 09 10 100533