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…
