Binance Coin (BNB) Price: Key Resistance at $610 Could Determine Next Major Move

Binance Coin (BNB) consolidates near $602 with bullish indicators pointing to a potential breakout above $610 that could trigger a rally toward $635.

BNB price is consolidating above the $595-$600 support zone with a rising channel formation

Technical indicators including MACD and RSI show bullish momentum building

A clear move above the $610 resistance could trigger a rally toward $620-$635

BNB is among the most resilient altcoins, trading only 10% below previous cycle’s all-time high

BNB Chain shows strong fundamentals with 1.1 million daily active addresses and over 5,600 DApps

Binance Coin (BNB) is showing signs of a potential breakout as it consolidates above key support levels. Currently trading around $602, BNB has established a strong base above $592 and is testing important resistance levels that could determine its next major move.

The fifth-largest cryptocurrency by market capitalization has formed a key rising channel with support near $600 on the hourly chart. After reaching a local high of $611, BNB experienced a minor correction but quickly found support at $598, indicating strong buying interest at current levels.

Technical indicators are turning positive. The MACD for BNB/USD is gaining momentum in the bullish zone, while the RSI remains above the 50 level, suggesting healthy buying pressure without reaching overbought conditions.

BNB has emerged as one of the most stable cryptocurrencies during the current market cycle. Unlike many altcoins that have experienced drops of up to 98.5% from their all-time highs, BNB has shown remarkable resilience, currently trading only about 10% below its previous cycle’s peak.

This price stability comes with solid fundamentals. BNB Chain processes approximately 4 million daily transactions, putting it ahead of Ethereum but behind Tron and Solana in transaction volume.