BNB Price Breakout Hopes Dashed at $600 as Analysts Pin Hopes on $615, $620

BNB price approached its key psychological barrier of $600 on August 5, 2026, as higher lows and improving momentum strengthened bullish expectations. However, multiple resistance zones and a broader bearish EMA structure continued to prevent confirmation of a sustained breakout.

At the time of writing, Binance Coin (BNB) is trading at $593.69, marking an increase of 0.47% in the past day with a trading volume down by 6.64%. Over the last week, the BNB price has gone up by 4.41%, according to CoinMarketCap.

Crypto analyst Aman Sai noted that BNB was approaching $600 after reclaiming key support and identified resistance between $600 and $605 and support between $582 and $585. According to Sai, a confirmed four-hour close above $600 could open the way toward $615, $620, otherwise BNB may retest the $582, $585 support zone.

Another analyst, Cryptographic, identified another resistance zone between $596 and $598 following weeks of range-bound trading. According to the analyst, buyers have continued to form higher lows, although the same resistance zone previously rejected several rallies.