The post BNB Price Surges to $749 as Bulls Eye $2K Target Amid Technical Breakout appeared on BitcoinEthereumNews.com.

Luisa Crawford
Jul 21, 2025 00:21

Binance Coin trades at $749.71 (+2.27%) with BNB RSI hitting 77.61 in overbought territory as institutional adoption and network upgrades fuel bullish momentum toward potential $2,000 range.

Quick Take • BNB currently trading at $749.71 (+2.27% in 24h) • Binance Coin’s RSI at 77.61 signals overbought conditions but bullish momentum remains strong • Recent breakout above $738 resistance targets $2,000 range according to analyst projections What’s Driving Binance Coin Price Today? The BNB price surge to $749.71 stems from a powerful combination of technical momentum and fundamental catalysts that emerged over the past week. Most significantly, Binance Coin broke through the critical $738 resistance level on July 19th, triggering a wave of bullish sentiment among traders who now see a potential path toward the $2,000 range. This breakout follows Binance Coin’s impressive performance over recent days, where the token successfully surpassed multiple psychological barriers at $700 and $720. The surge past $720 on July 18th was particularly noteworthy, as it coincided with increased institutional adoption and positive regulatory developments that have strengthened confidence in BNB’s long-term prospects. The Maxwell upgrade and strategic partnerships announced recently have enhanced Binance Coin’s utility within the broader cryptocurrency ecosystem. Token burn mechanisms continue to reduce BNB’s circulating supply, creating additional upward pressure on the BNB price. Network upgrades have improved transaction efficiency and reduced costs, making the Binance Smart Chain more attractive to developers and users alike. While BNB did face temporary bearish pressure on July 16th following a rejection at the $710 level, this setback proved short-lived as bulls quickly regained control and pushed the BNB price to new local highs. BNB Technical Analysis: Overbought Signals Emerge Amid Strong Bullish Trend Binance Coin technical analysis reveals a complex picture…

---

Filed under: News - @ July 21, 2025 12:24 am