BNB Holds Strong at $644 Amid Market Dip, On-Chain Activity Surges Toward $700 Resistance

BNB is currently trading at $644.68, reflecting a 2.74% decline over the past 24 hours, with the price opening at $662.83. The recent price correction is primarily attributed to broader market weakness, as the global cryptocurrency market declined by 1.90% during the same period, alongside profit-taking after BNB's recent rally. Despite the minor pullback, BNB maintains strong on-chain fundamentals, with Binance Smart Chain DEX volumes reaching $178 billion in May and daily transactions rising significantly. Positive sentiment continues following the SEC's dismissal of its case against Binance in late May, which has contributed to resilience and increased network activity. Over the last 24 hours, BNB has seen robust trading volume of approximately $2.48 billion and a market capitalization of around $94.5 billion, with technical indicators pointing to ongoing consolidation and bullish momentum building toward the $700 resistance level.