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Binance Coin (BNB) has triggered its rebound journey despite persisting price fluctuations that have characterized trading in the last 24 hours. Binance’s recovery has ignited hopes among altcoin holders of a possible shift in market dynamics.
Binance Coin: Holding $600 could trigger breakout
As per CoinMarketCap data, BNB has recorded significant growth, with its price climbing from a low of $588.09 to breach the $600 resistance level. BNB’s bullish moves pushed it to $606 before the market began experiencing corrections.
As of press time, BNB is changing hands at $599.55, up marginally by 1.35%. Investors remain bullish, as trading volume has also increased by 18.27% to $1.44 billion within the same time frame.
Gamza KhanzadaevMarket optimists expect BNB to soar past $645, the coin's key resistance level since February 2025.
BNB bulls have been battling to push the coin above this level, but the general market downturn has not supported the upward drive.
With this renewed growth push, analysts opine that BNB could experience another breakout if bulls recapture the $645 mark. If achieved, Binance Coin could breach $657, and potential price discoveries may follow.
However, if the bullish rebound fails, the $580 mark serves as a support zone to watch.
Can community hype support BNB’s momentum?
With Binance Coin starting to shake off its selling pressure, market participants appear confident enough to invest their funds. Overall, BNB has shown resilience in reclaiming the $600 price level, which experts say is crucial to its rebound journey.
Godfrey BenjaminOthers have stated that community hype could also support bulls in taking the price of BNB higher. Many have cited the 3.12% spike that the coin gained after Changpeng Zhao teased about his dog online.
The former Binance CEO’s move impacted the ecosystem, with some arguing that similar positive news could be a catalyst for pushing prices higher.
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