BNB Token Holds Strong After 3.79% Drop, Trading Volume Surges Past $1.48 Billion

BNBUSDT experienced a 3.79% decline over the past 24 hours, with the price dropping from 704.79 to 678.10 USDT. This downturn follows a period of strong bullish sentiment and recent technical analyses that highlighted key resistance and support levels. The price drop may be attributed to profit-taking after BNB reached resistance above $698, as well as selling pressure observed at higher levels. Despite the short-term dip, BNB remains actively traded, with a 24-hour volume exceeding $1.48 billion and a market capitalization of approximately $94.84 billion. Over the past week and month, BNB has shown positive performance, supported by ongoing utility and recent promotional activities related to Binance’s 8th anniversary and the integration of the Lagrange protocol. The current market environment reflects continued investor interest, with BNB ranked as the 5th largest cryptocurrency by market cap.