The BNB price has shown significant volatility in recent months, even during periods of market sluggishness. Initially struggling to stay above $500 in the second quarter, the altcoin has since gained bullish momentum. Breaking out of the $600 range in May, the BNB price reflects a positive market sentiment. However, it faces resistance at the $700 level to reach its all-time high. Alphractal's analysis points to whales as driving recent bearishness, with a decline in buy pressure compared to the previous week. Despite Bitcoin's bullish trend, BNB's reaction has been subdued. This could lead to short-term volatility and a downward price movement. Currently at $670, BNB experienced a 2% drop in 24 hours but remains up by 3% in the past week, despite concerns about weekend market performance. Read more AI-generated news on: https://app.chaingpt.org/news

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