BNB price jumps 5% but stalls below $600

BNB price rallied more than 5% before sellers halted the advance near $600, leaving the token at about $590 on July 31 as traders assessed whether its breakout can hold. Summary BNB price climbed above $590 after breaking a descending trendline that had capped price for about 45 days. The daily price moved above the Bollinger Band’s $587.85 upper boundary, signaling strong but stretched momentum. A 3-day liquidation heatmap shows major liquidity clusters near $580 and $605–$610. 4-hour RSI remains bullish at 65.14, while the MACD continues to favor buyers. BNB price action today According to data from crypto.news, BNB (BNB) price surged from the $570 area and reached an intraday high near $595 before easing to approximately $590 at the time shown on the charts. The move carried the token out of the narrow range that had controlled trading during the second half of July. The 4-hour chart shows a sharp breakout candle above $575, followed by an extension toward $595. Buyers have since defended the $586–$590 region, although several upper wicks near $595 show that sellers remain active below the psychological $600 level. BNB price 4-hour chart — July 31 | Source: crypto.news BNB has t...