BNB Edges Upward as It Challenges the $674 Ceiling Despite Choppy Market Conditions

BNB Eyes Breakout as Bulls Defend Key Levels Amid CPI-Driven Optimism

Binance’s BNB token continued its upward momentum Wednesday, gaining 1.75% to reach $670.91 as traders watched the critical $674 resistance zone for a potential breakout signal.

The move comes amid improving investor sentiment after May’s U.S. Consumer Price Index (CPI) report showed inflation rising just 0.1%, below expectations. That surprise lifted risk assets broadly — the S&P 500 and Nasdaq posted modest gains, while the CoinDesk 20 crypto index rose 2.6%.

BNB has maintained a bullish posture with a steady series of higher lows, a pattern that suggests increasing investor confidence despite macro headwinds.

Bitcoin, meanwhile, stabilized around $109,800 after rebounding from recent lows, with on-chain data showing growing wallet activity and accumulation by long-term holders.

Technical Breakdown

BNB traded within an $8.12 range on the day, with significant buying activity recorded between 06:00 and 12:00 UTC — during which volume exceeded the daily average of 41,757 tokens.

Although resistance around $673.67 has not yet been breached, BNB has consistently held support above $667.50. A brief but heavy sell-off saw prices dip to $667.35 before recovering quickly — a move viewed by analysts as a lack of strong selling conviction.

The token now hovers just below $674, with traders eyeing a confirmed breakout that could open the door to further upside in the coming sessions.