BNB, the native token of the Binance exchange, remains a key asset in the crypto market as of July 10, 2025. The current price of BNB is approximately $661.57, reflecting a modest 0.06% gain over the past 24 hours, indicating stability within a tight range. This stability, coupled with bullish technical signals and rising institutional activity, paints a positive outlook for BNB. Technical analysis shows that BNB has broken out of a falling wedge pattern in early July, forming a higher base. The 637 level has acted as a critical support, preventing further declines. Conversely, the 660–670 range is a strong resistance zone. A breakout above this resistance could drive BNB toward 750 by late July 2025, particularly if daily trading volume exceeds the 20-day average by 20%. The MACD indicates a bullish crossover, and the RSI at 54.14 suggests neutral-to-bullish momentum. Fundamentally, recent institutional buying has been a significant price driver. For instance, Nano Labs’ 50 million BNB purchase on July 5, 2025, increased its digital reserves to 160 million, boosting market confidence. Additionally, the recent Maxwell hard fork upgrade has enhanced the Binance chain’s performance, driving adoption in ecosystems like PancakeSwap. Binance’s periodic token burns, including a $1.2 billion burn in early July, have reduced circulating supply, creating a deflationary effect. However, risks remain. The positive funding rate in the derivatives market indicates long-position dominance, but the rise in open interest to 757.29 million could lead to volatility. Analysts warn that a break below the 637 support could trigger a correction to 630 or even 620. Regulatory scrutiny on major exchanges like Binance also poses a potential risk. From a macro perspective, growing institutional demand and Binance’s partnerships with traditional payment providers, such as a European payment firm, have enhanced BNB’s utility in instant settlements. These factors, combined with a projected 8–10% price increase by late July, support a bullish outlook. Investors should monitor market volatility and on-chain data for informed decision-making.