BNB price targets $610 as open interest rises

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Aug 06

BNB price traded near $600 on Aug. 5 after breaking out of its July range, while rising derivatives activity and nearby liquidation clusters pointed to a possible test of $610. Summary BNB price ...

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Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.gotigerhk.com/news/2657524333"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2657524333\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2657524333?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-06 01:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2657524333","market":"sh","top_or_hot":-1,"title":"BNB price targets $610 as open interest rises","media":"cryptonews","content":"<div>\n<p>BNB price traded near $600 on Aug. 5 after breaking out of its July range, while rising derivatives activity and nearby liquidation clusters pointed to a possible test of $610.\n\n\nSummary\n\n\n\nBNB price ...</p>\n\n<a href=\"https://crypto.news/bnb-price-targets-610-dollars-as-open-interest-rises/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBNB price targets $610 as open interest rises\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-06 01:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/bnb-price-targets-610-dollars-as-open-interest-rises/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BNB price traded near $600 on Aug. 5 after breaking out of its July range, while rising derivatives activity and nearby liquidation clusters pointed to a possible test of $610.\n\n\nSummary\n\n\n\nBNB price ...</p>\n\n<a href=\"https://crypto.news/bnb-price-targets-610-dollars-as-open-interest-rises/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XBNB","symbol_name":"Teucrium xETFs 2x Long Daily BNB ETF","start_time":0,"source_url":"https://crypto.news/bnb-price-targets-610-dollars-as-open-interest-rises/","article_id":"2657524333","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/bnb-price-targets-610-dollars-as-open-interest-rises/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2657524333","pubTimestamp":1785952527,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"BNB price traded near $600 on Aug. 5 after breaking out of its July range, while rising derivatives activity and nearby liquidation clusters pointed to a possible test of $610.BNB price gained 5% over the past week, reclaiming the closely watched $592 level.Derivatives volume increased 56.1% to $719.9 million, while open interest rose 4.05%.The 4-hour RSI reached 63.74, showing bullish momentum without an overbought reading.Liquidity clusters near $612 and $616 could attract price if BNB clears immediate resistance.According to data from crypto.news, BNB  price rose to approximately $600 on Wednesday, extending its recovery from a late-July range around $560 to $575. The daily chart shows that the token closed near $599.64 after reaching an intraday high of $605.50.BNB price daily chart — Aug. 5 | Source: crypto.news. Broader crypto-market conditions offered additional support. Bitcoin approached $64,000, while the total digital asset market capitalization reportedly rose 0.72% to $2.1","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"XBNB":"Teucrium xETFs 2x Long Daily BNB ETF"},"translate_title":"随着未平仓合约上升，BNB 目标价为 610 美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XBNB":1.5},"content_text":"BNB price traded near $600 on Aug. 5 after breaking out of its July range, while rising derivatives activity and nearby liquidation clusters pointed to a possible test of $610.\n\n\nSummary\n\n\n\nBNB price gained 5% over the past week, reclaiming the closely watched $592 level.\nDerivatives volume increased 56.1% to $719.9 million, while open interest rose 4.05%.\nThe 4-hour RSI reached 63.74, showing bullish momentum without an overbought reading.\nLiquidity clusters near $612 and $616 could attract price if BNB clears immediate resistance.\n\n\n\nBNB price reclaims $592 after July breakout\nAccording to data from crypto.news, BNB (BNB) price rose to approximately $600 on Wednesday, extending its recovery from a late-July range around $560 to $575. The daily chart shows that the token closed near $599.64 after reaching an intraday high of $605.50.\nBNB price daily chart — Aug. 5 | Source: crypto.news\nThe move carried BNB above its 20-day and 50-day simple moving averages at $574.43 and $576.85, respectively. Reclaiming both averages supports the short-term bullish structure, although the asset has not yet reversed its wider downtrend.\nThe 100-day SMA at $605.88 now represents the first major test. This level sits close to Wednesday’s intraday high and could determine whether BNB extends its rally toward $610 or enters another period of consolidation.\nLonger-term resistance remains at the 200-day SMA near $636.13. BNB would need to reclaim that level before the daily chart confirms a broader bullish trend reversal.\nChaikin Money Flow rose to 0.14 on the daily chart. A reading above zero indicates that buying pressure has exceeded selling pressure during the measured period, adding support to the latest recovery.\nDerivatives traders add exposure as volume jumps\nBNB derivatives activity strengthened alongside the spot-price increase. CoinGlass data provided for the analysis showed that trading volume climbed 56.1% to $719.9 million, while open interest increased 4.05% to $985.79 million.\nRising price and open interest can indicate that traders are opening new positions rather than closing existing contracts. However, the data alone does not establish whether the new exposure is primarily long or short.\nThe increase also raises the possibility of stronger volatility around the $600 barrier. Leveraged positions may face forced closures if BNB moves sharply through nearby liquidation zones.\nBroader crypto-market conditions offered additional support. Bitcoin approached $64,000, while the total digital asset market capitalization reportedly rose 0.72% to $2.19 trillion.\nEuropean regulatory developments also improved the wider institutional backdrop. The latest MiCA register update added more authorized crypto-asset service providers, although the development does not provide a direct fundamental catalyst for BNB or Binance.\nBNB price faces resistance between $602 and $606\nThe 4-hour chart places BNB near the upper Bollinger Band after its latest advance. The upper band stands at $602, while the middle band has risen to $591.92.\nBNB price 4-hour chart — Aug. 5 | Source: crypto.news\nPrice briefly moved above the upper band before slipping back toward $599.50. That rejection shows that sellers remain active around $602 to $605.88, where the 4-hour Bollinger Band and daily 100-day SMA converge.\nThe 4-hour Relative Strength Index stood at 63.74, above its signal average at 61.04. Momentum remains bullish, but the reading is approaching the 70 threshold commonly associated with overbought conditions.\nA 4-hour close above $605.88 could open the way toward $610. The next upside area sits between $612 and $616, where the three-day liquidation heatmap shows two of the strongest overhead liquidity concentrations.\nFailure to break the resistance zone would place initial support at $592, followed by the 4-hour middle Bollinger Band near $591.92. A deeper retracement could target the lower band at $581.84.\nLiquidation heatmap puts $612 and $592 in focus\nThe three-day CoinGlass liquidation heatmap shows liquidity concentrated on both sides of the current price. Above BNB, prominent bands appear around $612 and $616, with additional leveraged positions extending toward $620.\nBNB liquidation heatmap | Source: CoinGlass\nThese clusters can act as price magnets because a move into them may force short sellers to close positions. A break above $606 could therefore accelerate toward $612 as short liquidations add market buying.\nThe closest major downside cluster sits near $592. Another band appears around $587, followed by larger concentrations near $581 and $576.\nLosing $592 would weaken the recent breakout and raise the probability of a move toward $582. That area also aligns with the lower 4-hour Bollinger Band and the base of the latest advance.\nThe heatmap does not predict which liquidity zone BNB will reach first. It instead shows where leveraged positions may become vulnerable if price moves through those levels.\nAnalysts see $592 as the key trend level\nCrypto commentator Satoshi Stacker described BNB’s retest of its former diagonal resistance as successful. He identified $592 as one of the asset’s most important levels of 2026 and said holding above it would support the view that BNB is entering an uptrend rather than posting a temporary recovery.\n\n$BNB saw a clean retest of the diagonal level and confirmed it as support after the recent breakout.Now, it is attempting to break above what has been one of the most important levels of 2026 at ~$592. Flipping this level would be a great sign that this is an uptrend and not… pic.twitter.com/cnkLzmi06G— Satoshi Stacker (@StackerSatoshi) August 3, 2026\n\nAnother trader, Batman, pointed to BNB’s breakout from consolidation and its recovery above the 50-day moving average. The analyst said the subsequent retest preserved the bullish setup.\nThe charts support a constructive short-term outlook while BNB remains above $592. A confirmed break above $606 would bring $610, $612 and $616 into focus.\nThe bullish setup would weaken if BNB closes back below $592. In that case, $582 becomes the main downside level, with $576 providing the next support if selling pressure increases.\nFor US traders, MiCA developments mainly offer a comparison with Europe’s unified licensing framework. BNB’s short-term direction remains more closely tied to overall crypto liquidity, Binance-related developments and technical positioning than to European licensing updates.\n\n\n  \n\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        \n\n\n\n\n\n\n                Read more:\n            \n\n                SpaceX stock falls 11% as AI spending hits $15.8B","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}