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BNB Price Eyes $800 Breakout

BNB Price Eyes Rally Amid Binance Futures Dominance

bySahil Mahadik
March 21, 2025
in Cryptocurrency News

BNB, the native cryptocurrency of the Binance exchange, is up 0.75% during Friday’s trading session to trade at $634. While the broader market shows uncertainty with Bitcoin struggling to hold $85,000, the BNB price stands strong with key reversal patterns and acclamation from major institutions. With Binance’s firm dominance in futures trading, the asset price shows potential for a major price rally. 

Key Highlights:

  • Since January 2024, the BNB price recovery has been resonating within the formation of a wedge pattern.
  • The latest data reveals that Binance remains the undisputed leader in the crypto futures trading market, consistently outperforming exchanges such as OKX, Bitget, and Bybit.
  • The coin price back above daily EMAs (20, 50, 100, and 200) indicates the restoring bullish sentiment in the market.

Binance’s Futures Trading Dominance Fuels BNB Growth

In a recent tweet, CryptoQuant’s analyst JAMaartun highlighted Binance’s dominance in the crypto futures trading market, outpacing its competitors by a wide margin in trading volume.

In January 2025, Binance recorded a staggering $1.08 trillion in trading volume across all futures pairs. This figure significantly overshadowed its competitors and solidified its position as the go-to platform for leveraged trading.

The trend persisted into February 2025, with Binance posting $717 billion in trading volume. While this marked a decline from the previous month, Binance still maintained a commanding lead.

As of March 2025, trading activity continues at a robust pace, with Binance already accumulating $498 billion—a number that is expected to rise as final figures are tallied.

Binance Futures Trading Volume
Binance Futures Trading Volume – CryptoQuant

As trading volume surges, demand for BNB— used for trading fee discounts, collateral in futures positions, and various ecosystem utilities — is expected to rise. The higher exchange activity should drive natural demand pressure in BNB, potentially driving its price higher. 

Wedge Pattern Signals 30% Rally Ahead

In the last two weeks, the BNB price showcased a V-shaped recovery from $608 low to its current trading value of $635, registering a 25% growth. An analysis of the daily chart revealed this upswing as a bull cycle with the formation of a rising wedge pattern.

Theoretically, the chart setup offers two converging trendlines which acts as dynamic resistance and support of consolidating price. Historical data shows a bullish reversal from the support trendline has carried a recovery rally ranging from 48%-148%.

BNB Price Rally
Binance Coin/USDT – 1d Chart

If history repeats, the Binance price could surge another 30% to challenge the overhead trendline at $825.

However, until the wedge pattern is intact, the asset price will remain in a slow yet steady uptrend.

Also Read: 3 Reasons Why Ethereum Price May Reclaim $3,000 in April

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3 Reasons Why Ethereum Price May Reclaim $3,000 in April

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Sahil Mahadik

Sahil Mahadik

Sahil Mahadik is a full-time trader with over three years of experience in the financial markets, specializing in technical analysis. His journey into trading began with a passion for financial instruments, which eventually led him to focus on cryptocurrencies. Sahil continuously monitors emerging trends and strategies to maximize returns in both traditional and crypto markets.

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