Among these, Binance Coin (BNB) is showing incredible strength, becoming one of the most resistant altcoins across the cryptocurrency market. Despite the general altcoin bloodbath out there, BNB is finding its bullish groove and ultimately breaking resistance levels to the upside. Its strong fundamentals and high utility continue to propel its outperformance. This cryptocurrency has demonstrated resilience and strong investor support, ranking second only to Bitcoin itself.
For now, Binance Coin (BNB) has firm support around $602 and $606. Now, this support level may just be a place holder, but it is still offering a solid launching pad for any bullish breakout attempt. Today, the price of Binance Coin (BNB) spiked from a low of $593.97 to a new peak of $609.07, marking a 2.5% intraday increase.
Binance Coin (BNB) is crushing the rest of the altcoin market. Its strength seems to be based more on things other than just new price action. The new challenge at $609.07 has the potential for even greater profits in future gains. Bullish targets are now at $625 and $640. The 24-hour volume for Binance Coin (BNB) is listed at 198K.
"While most altcoins have suffered drops of up to -98.5% from their all-time highs, BNB stands out alongside BTC as one of the least affected cryptocurrencies — and more impressively, it's one of the few that has reached a…" - Joao Wedson
This resilience is especially impressive given the altcoin carnage that we have seen over the last few months. The truth hurts stars—some have dropped hard, by as high as 98.5% all-time high declines. And yet Binance Coin (BNB) has been the big exception to that rule, proving just how strong the company’s ecosystem is.
