BNB (BNB) Price Prediction for July 24

BNB is pushing higher, currently trading near $794 after a clean break above the $675 to $700 supply zone. The rally follows a structural shift that began earlier this month and is now backed by strong volume and long-dominant derivatives positioning. What’s Happening With BNB’s Price? BNB price forecast (Source: TradingView) On the daily chart, BNB price has confirmed a breakout from a compressed structure that previously faced repeated rejection. The move past $700 was accompanied by a wide bullish candle that flipped prior resistance into support. The price is now rising inside a long-term ascending channel, with the upper boundary near $850 acting as the next potential test. BNB price forecast (Source: TradingView) The weekly chart also shows BNB pushing past the midline of the channel, which has historically triggered strong continuation. If this breakout holds, price could continue grinding toward the $900 area over the coming weeks. Why BNB Price Going Up Today? BNB Derivative Analysis (Source: Coinglass) Why BNB price going up today is tied to aggressive long interest and strong on-chain confirmation. Coinglass data shows that open inter… The post BNB (BNB) Price Prediction for July 24 appeared first on Coin Edition .

Source: Coin Edition