BNB Price Breakout above $ 600? The scales on the chain are hinting at the upscale ascension

BNB suffers from the purchase of demand as the total market morale turns into positive. Although the price is currently facing less resistance than $ 600, it is expected that buyers will overcome this barrier. Meanwhile, the holders of the major BNB collection continues to correct the last prices. This has received momentum through various indicators on the chain, supporting continuous recovery.
The open interest of BNB rises despite the negative financing rate
While many Altcoins decreased by up to 98 % of its highest levels ever, Benance Coin (BNB) showed a strong demand for purchase, suffering from much lower losses alongside bitcoin. This strength has made the preferred BNB Altcoin to accumulate, even during the market drop. According to Coinglass data, BNB saw a total liquidation of $ 97,300, as buyers represent $ 37,000 and sellers for about $ 60,000.

Despite the volatile market conditions, the open interest in BNB is still ascending. Coinglass notes that the open interest of BNB has increased by 3.3 %, reaching more than 760 million dollars. This growth in open attention can support recovery and reduce sharp declines. However, the investor’s concerns are still, as the financing rate has recently reached the negative area by -0.485 %, indicating caution.
The continuous recovery was further strengthened by the latest burning of the semester code in BNB, which was completed on April 16. The network destroyed 1.57 million icons, at a value of more than one billion dollars at current prices. These burns are usually calculated at the BNB price and the number of masses produced during the quarter.
Also read: Binance 2025, 2026-2030: Will BNB reach $ 1,000?
Token Burns is a major part of the BNB strategy to increase its value. According to the project’s feature symbol, the quarterly Burns will continue until the total circulating offer is reduced from about 140 million icons to 100 million.
The long/short percentage currently indicates that the BNB bought momentum is likely to continue. The percentage increased to 2,1133, indicating that the majority of merchants, about 68 % are betting on increasing prices. These growing long situations can make BNB penetration of the resistance level of $ 600.
What is the next BNB price?
Binance Coin (BNB) continues to face the resistance around the level of $ 610. Currently, it is traded near $ 595, indicating a slight increase of 0.66 % over the past 24 hours. Sellers keep the price less than $ 600 in an attempt to maintain the downward trend.


However, despite the increasing homosexuality, BNB shows signs of possible recovery as adult holders accumulate near the decreases. This accumulation supports gradual recovery, and BNB can be separated soon from $ 600. The RSI is also about 60, which indicates that buyers maintain control of momentum.
If the purchase pressure continues, BNB may penetrate the $ 610 resistance, which may pave the way to move towards the next main goal at $ 644. On the contrary, if the pressure on sales is decreased and BNB is less than EMA for 20 days, the price may decrease to a decisive level of $ 557.