Binance Coin (BNB) is maintaining strength above the $650 level amid rising market volatility driven by intensifying global trade disputes.

The cryptocurrency recently tested resistance near $664 but pulled back slightly, with high trading volumes indicating a firm support level around $650, according to CoinDesk Research’s technical analysis.

Global markets have been unsettled following President Trump’s latest tariff announcements, introducing uncertainty that has affected major cryptocurrencies, including BNB.

Despite these challenges, BNB continues to show resilience, largely thanks to the robust growth within the BNB Smart Chain ecosystem.

Daily transactions on the BNB Smart Chain have surged to 14 million, while decentralized exchange (DEX) volumes have increased by 50% over the past month.

Over the last 30 days, BNB Chain-powered DEXs have processed more than $150 billion in trading volume, outpacing rivals such as Ethereum and Solana.

This rise in on-chain activity signals expanding user engagement and strengthens BNB’s fundamentals, even as broader economic pressures linger.

For traders, BNB’s relative stability and underlying ecosystem growth offer a notable advantage in an otherwise volatile environment.

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Technical Analysis Overview

BNB showed strong momentum over the weekend but has started to exhibit signs of short-term fatigue after failing to breach the $664 resistance level.

An upward trend kicked off around 2 PM on June 1, with BNB climbing above $650 on volume exceeding 45,000 units. The price surged towards $662-$664 by 1 AM on June 2 but stalled amid significant selling pressure.

The token then moved into a narrow consolidation phase between $658.05 and $659.60. A brief spike to the upper boundary occurred around 7:17 AM before prices retreated.

Trading volume peaked twice—at 7:18 AM and 7:51 AM—reflecting active but uncertain market sentiment.

Since then, BNB has formed a descending channel with lower highs, signaling potential short-term bearishness.

Still, the $658 to $658.20 zone has held firm as support, cushioning selling pressure and possibly serving as a launchpad for the next move.

While BNB’s longer-term prospects are linked to the ecosystem’s continued growth, short-term traders are closely monitoring this descending channel. A breakout above recent highs could reverse the bearish trend, while a drop below support might confirm it.