Binance Coin (BNB) is encountering resistance as market sentiment shifts following the CEO transition and ongoing regulatory developments. Recent leadership changes, including Richard Teng’s appointment to succeed Changpeng Zhao, are playing a key role in this price movement. The token is grappling with the impact of these changes and regulatory uncertainties. 80% of the trading volume on Binance came from BNB-related trades. A pending SEC decision regarding Binance’s Spot ETF application could further influence investor sentiment. While the market awaits clarity, BNB’s resilience is being tested as it seeks to break through the $674 resistance level. With regulatory developments in play, investors are watching closely for signs of stability. 80% of trading volume on Binance came from BNB-related trades. A pending SEC decision regarding Binance’s Spot ETF application could further influence investor sentiment.