Binance Coin remains steady while investors await resistance at $900. Open interest, balanced with matched trading volume, is evidence of cautious market action. Even minor losses are sentimentally bullish, with accumulation trends demonstrating patience on the traders’ part while awaiting stronger confirmation.
At the time of writing, Binance Coin is trading at $853.30, down 0.85% for the day. Its market cap stands at $118.76 billion, keeping it the fifth-largest cryptocurrency. The daily trading volume jumped 40% to $2.41 billion, showing strong investor activity.
Futures open interest holds steady at $196M
Coinalyze data shows that futures open interest is at $196 million, and it has remained steady since August 29. The jumps on August 25 and 27 have cooled off, and the market now has fewer leveraged bets. This means that traders are choosing to hold their positions instead of chasing risky price swings.
This kind of stability usually points to an accumulation phase. Because open interest hasn’t changed much, the chance of sudden liquidations stays low. The calm market shows investors are waiting for a strong signal before adding more money.
If Binance Coin breaks above $900 with stronger trading activity, rising open interest can confirm a shift in sentiment. This will support a bullish outlook and may bring faster buying momentum in the market.
Mixed momentum and accumulation signals keep the BNB market balanced
TradingView data shows Binance Coin at $858.86, holding steady below recent highs. The MACD indicator shows a bearish crossover with a -3.66 reading, signaling weak momentum in the short term. Buyers may need to step in more strongly to trigger a shift.
At the same time, the Chaikin Money Flow (CMF) holds positive at 0.10, showing steady inflows. This points to solid accumulation even with weak momentum signals. Most importantly, the price structure has held higher lows since June, showing core strength in market behavior.
Binance Coin needs to hold support between $820 and $830 to keep market confidence strong. Traders closely watch the $900 level, since a clear move above it can open the way for Binance Coin to test higher resistance zones in the next sessions.
