BNB Holds Strong at $654 Despite 2.34% Dip, $1.5B Volume Signals Ongoing Market Strength

BNB is currently trading at $654.34, reflecting a 2.34% decline over the past 24 hours from a 24h open of $670.00. The recent price decrease can be attributed to profit-taking and a technical correction following a rally earlier in the week, which was driven by positive developments such as the SEC dismissing its lawsuit against Binance and the restoration of USD deposit features on Binance US. Despite this short-term pullback, BNB maintains strong trading activity, with 24-hour volumes exceeding $1.5 billion and a market capitalization near $94.6 billion. Technical indicators show BNB correcting from overbought conditions, with resistance levels at $707.25 and $730.52, while ongoing ecosystem upgrades and high on-chain DEX volumes continue to support overall market sentiment.