BNB Price Breakout Eyes $700 as Bulls Regain Control

The price of Binance Coin (BNB) is testing key resistance after recovering from support at $540, and a breakout above $600 could strengthen the bullish outlook for the token.

According to Crypto TXG, the current retest of the $600 resistance suggests buyers are attempting to regain control, while traders closely watch whether momentum can push BNB above this level.

A breakthrough of $600 on a consistent basis per week would boost the bullish sentiment and open doors towards $660-$700. However, any failure at this barrier might keep BNB range-bound, with $540 being the important floor for the token's price.