Is BNB Breaking Through Resistance Above $600? Insights From On-Chain Metrics

Binance Coin (BNB) is experiencing a surge in buying activity as positive market sentiment emerges, despite facing resistance near the $600 level. While some altcoins have experienced significant declines following recent market downturns, BNB has shown resilience, attracting large holders to accumulate during this period of correction. This accumulation is evidenced by rising on-chain indicators and continued support for a potential recovery.