BNB Token Sees 3.64% Dip After Bullish Breakout, Weekly Gains Hold Amid $2.2B Volume Surge

BNBUSDT experienced a 3.64% decline over the past 24 hours, with the price dropping from 706.47 to 680.74. This short-term pullback follows a recent bullish breakout above the $700 resistance, which was driven by increased trading volume, positive technical indicators, and heightened market activity around Binance’s 8th anniversary promotions. Despite multiple attempts, BNB was unable to sustain levels above the $693-$694 resistance, leading to short-term bearish pressure and profit-taking after recent gains. However, overall sentiment remains positive, supported by strong technical momentum and significant institutional interest, such as Nano Labs’ recent large-scale purchase.

Currently, BNB is trading at 680.74 with a 24-hour trading volume of approximately $2.2 billion, ranking as the fifth-largest cryptocurrency by market capitalization. The asset has shown a weekly gain of over 3%, with a circulating supply near 139.29 million and ongoing quarterly token burns contributing to its supply reduction.