Binance Coin (BNB) recorded a sharp spike in trading volume at the start of the month, but this was shortlived and didn’t boost the price of the token which has traded sideways over the past week.
BNB trades at $595.74 at press time, and having found support at $575 after an unimpressive week, BNB is aiming for $650 and subsequently, a retest of its all-time high at $688.
Binance Coin has had an unimpressive week where it traded below its weekly opening price of $587.7. It hit a weekly low at $566 on Apr. 5 but quickly bounced back. However, the momentum fazed quickly and since then, it has been trading sideways. On Wednesday, it recorded a sudden surge that took it to a weekly high at $616.8 as experts point out that BNB could retest its all-time high in the coming weeks.
BNB trades at $595.40 at press time, gaining a paltry 1.85% for an $89.119 billion market cap, the fourth-highest in the market.
Despite hitting its highest price this month at $616, BNB was unable to maintain
