TLDRBNB price climbs 3.37% to $648.68 after breaking the $621.94 resistance level.Microsoft Azure now supports BNB Agent Studio, with a $1,000 cloud credit pool for developers.BNB trades above its 50-day ($616.23) and 200-day ($585.71) moving averages.Open interest nears $1 billion, raising the chance of sharp price swings.BNB has recovered from July lows near $550.BNB is trading at $648.68 as of press time. That marks a 3.37% gain over the past 24 hours.The move followed a break above the $621.94 resistance level. Traders had been watching this level closely for days.BNB Price on CoinGeckoThe rally coincided with a new BNB Chain announcement. Microsoft Azure is now a cloud option for deploying agents through BNB Agent Studio.BNB Chain confirmed the news directly. The statement read, “Azure is now a cloud option for deploying agents in BNB Agent Studio.”Price action on the TradingView chart shows the coin pushing toward the $650 range. The latest candle extended past the prior resistance zone.BNB is also trading above two key moving averages. Its 50-day average sits at $616.23, and its 200-day average sits at $585.71.Azure is now a cloud option for deploying agents in BNB Agent Studio.Microsoft is putting up a $1,000 pool of credits to cover the cloud.No Azure account & no card required.Start building https://t.co/puMw5dqKSy pic.twitter.com/y5RxBlB05T— BNB Chain (@BNBCHAIN) August 20, 2026Both averages sitting below the current price supports the recent upward trend. Holding above $621.94 remains important for that trend to continue.The on-balance volume indicator is at 574.23 million. It has been rising alongside the price, which suggests trading volume is backing the move.BNB has climbed back from its July lows near $550. A push above $650 could add strength to the current setup.Azure Partnership DetailsMicrosoft is contributing a $1,000 pool of credits to cover cloud costs for the program. The credits are aimed at developers building on BNB Agent Studio.The update is designed to make it easier for developers to test AI agents. The direct dollar value of the credits is small compared to BNB’s market size.Instead, the impact is tied to how many developers start using the platform. More developer activity on BNB Chain could support demand for the token over time.Open Interest and Market PositioningCoinGlass data shows BNB open interest is approaching $1 billion. This figure has climbed alongside the price breakout.Rising open interest means more derivatives contracts are open across exchanges. This can make price moves sharper in either direction.If BNB holds above $621.94, the bullish setup stays intact. A drop below that level could trigger faster liquidations among leveraged traders.For now, BNB continues to trade above $648, with the $650 mark serving as the next level traders are watching.The post BNB (BNB) Price: Coin Breaks $621 Resistance After Azure Cloud Deal appeared first on Blockonomi.