🚨 BNB Breaks $600! Can It Break Through the Bottleneck and Keep Soaring?

BNB price has surged, but can it maintain the breakout? The market is full of uncertainty!

Binance Coin (BNB) has successfully broken through the key level of $600, but market sentiment is complex, and the future trend is full of challenges. Whale sell-offs, bearish sentiment, and retail optimism are intertwined, raising doubts about whether BNB can stabilize and rise.

🐋 Whale Sell-Off Causes Market Volatility

Recently, a whale sold 16,872.3 BNB through PancakeSwap, with a total value of about $10.38 million. Although this large-scale sell-off may temporarily push down prices, it could also be a strategy for portfolio adjustment rather than a signal of market bearishness. Nevertheless, price volatility remains high in the short term.

📉 BNB Faces Key Resistance

Despite breaking through $600, BNB's price still faces significant resistance. Historical data shows that BNB encounters strong pressure around $600, and the RSI indicates weakening bullish momentum. If it cannot break through $660, the price may retrace to around the support range of $335.

⚠️ Mixed Market Sentiment, Future Full of Variables

Retail investors remain optimistic about BNB, with a sentiment index of +0.51, while institutional investors hold a bearish view, with a sentiment index of -0.41. This divergence in sentiment may signal a market turning point, and future price movements will depend on the actions of market participants.

**Summary:** Although BNB's price has broken through $600, market sentiment is complex, making future trends difficult to predict. Investors need to closely monitor changes in trading volume and market sentiment, and proceed with caution.