BNB Faces 2.45% Dip After $695 Highs, Holds Strong Liquidity and Market Leadership

BNB is currently trading at $652.71, with a 24-hour trading volume of approximately $2.02 billion and a market capitalization near $91.4 billion. The token experienced a 2.45% price decrease over the past 24 hours, following a recent drop below $650 after previously reaching highs near $695 earlier in the week. This price movement is primarily attributed to increased market volatility and profit-taking after a period of strong gains, with resistance observed near the $700 level and support at $650. Despite the short-term correction, BNB continues to demonstrate high liquidity, active trading, and strong ecosystem utility, maintaining a leading position among smart contract and exchange tokens.