BNB Price Holds Steady Above $600 as Open Interest Surpasses $1 Billion

BNB (BNB) has maintained its price above $600 as open interest has surpassed $1 billion. According to data from CoinGlass, BNB's open interest climbed from approximately $820 million in early July to over $1 billion by August 12. The token's current price of $611.24 represents a 0.13% gain over the past 24 hours.

The Relative Strength Index (RSI) reads 64.26, above its moving average of 59.98, indicating firm momentum without hitting overbought territory near 70. BNB's price is currently sitting above three key moving averages: the 20-day EMA at $593.83, the 50-day EMA at $589.15, and the 100-day EMA at $602.73.

However, it remains below the 200-day EMA, which sits at $645.19, marking a longer-term hurdle for the price. Traders are watching both levels closely, with resistance standing at $614.99 and support between $602 and $603. A break above $614.99 would open the door to $620.