BNB’ rising trading volume, fueled by retail investors, suggests an aggressive push could propel it toward its previous all-time high.
However, it still appears undervalued – a condition bulls must seize to fuel further gains.Yet, despite the growing excitement, the weekend fell short of delivering the breakthrough, leaving the market on edge.
If bulls fail to defend this level, panic could set in, prompting investors to exit to avoid further losses. If this trend persists, BNB could be on track to hit $700 first, which could act as a psychological catalyst for bulls to push the coin towards a new all-time high.Although BNB has posted a milestone by breaking the key $600 resistance, its undervaluation compared to its rivals might become its biggest strength.
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