BNB price targets $610 as open interest rises

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 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. BNB price reclaims $592 after July breakout According 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. BNB price daily chart — Aug. 5 | Source: crypto.news The 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. The 100-day SMA at $605.88 now represents the first major test. This ...