Binance Coin Price Forecast: BNB Price Rebounds Above $600 as Crypto Market Activity Spikes
Binance Coin (BNB) has recently made a remarkable recovery, rebounding above the $600 level amid heightened market activity[](https://www.fxstreet.com/cryptocurrencies/news/binance-coin-price-forecast-bnb-price-rebounds-above-600-as-crypto-market-activity-spikes-202502032319 "1"). This surge comes in response to the ongoing US trade war, which has driven investors to seek refuge in digital assets[](https://www.fxstreet.com/cryptocurrencies/news/binance-coin-price-forecast-bnb-price-rebounds-above-600-as-crypto-market-activity-spikes-202502032319 "1").
As traditional markets grapple with uncertainty, the crypto space has seen a notable influx of capital, pushing aggregate trading volumes to over $451 billion within 24 hours[](https://www.fxstreet.com/cryptocurrencies/news/binance-coin-price-forecast-bnb-price-rebounds-above-600-as-crypto-market-activity-spikes-202502032319 "1"). BNB’s performance stands out as it capitalizes on the growing demand for exchange tokens, essential for facilitating transactions on platforms like Binance[](https://www.fxstreet.com/cryptocurrencies/news/binance-coin-price-forecast-bnb-price-rebounds-above-600-as-crypto-market-activity-spikes-202502032319 "1").
BNB’s utility within the Binance ecosystem, such as staking yield and transaction fee discounts, emphasizes its appeal amid volatile market phases[](https://www.fxstreet.com/cryptocurrencies/news/binance-coin-price-forecast-bnb-price-rebounds-above-600-as-crypto-market-activity-spikes-202502032319 "1"). The latest 12-hour candlestick chart for Binance Coin (BNB) against Tether (USDT) showcases significant price action[](https://www.fxstreet.com/cryptocurrencies/news/binance-coin-price-forecast-bnb-price-rebounds-above-600-as-crypto-market-activity-spikes-202502032319 "1"). BNB recently rebounded from a low near $500, marking an impressive recovery after a sharp decline[](https://www.fxstreet.com/cryptocurrencies/news/binance-coin-price-forecast-bnb-price-rebounds-above-600-as-crypto-market-activity-spikes-202502032319 "1").
If BNB maintains its momentum above $600, a breakout past the $620 resistance level could validate a bullish trend, targeting the $650-$690 range[](https://www.fxstreet.com/cryptocurrencies/news/binance-coin-price-forecast-bnb-price-rebounds-above-600-as-crypto-market-activity-spikes-202502032319 "1"). However, failure to hold above $600 might trigger a retest of the $580 support zone[](https://www.fxstreet.com/cryptocurrencies/news/binance-coin-price-forecast-bnb-price-rebounds-above-600-as-crypto-market-activity-spikes-202502032319 "1").