If $BNB can break through and stabilize above $610 and $650, the likelihood of returning to historical highs will greatly increase, marking a significant moment for the crypto market. Considering the current market environment and investor sentiment, it is possible for BNB to reach or exceed the $720 high by the end of the year.

Since the beginning of this year, Binance Coin (BNB) has shown strong upward momentum after experiencing volatility, with the current price around $598, up 164% compared to the beginning of the year. After reaching a high of $720 in June, BNB underwent a correction but then entered an ascending triangle pattern. As market bullish sentiment strengthens, BNB is gradually approaching key resistance levels of $610 and $650. If it can break through these resistance levels, BNB is expected to challenge the historical high of $720 again. With expectations for the growth of the Binance platform and increasing trading volume, the long-term bullish outlook for BNB also appears more optimistic. Additionally, the overall recovery of the crypto market, favorable factors such as Bitcoin (BTC) breaking $70,000 and Ethereum (ETH) reaching $2,600 bring positive market sentiment for BNB and other altcoins. Meanwhile, the trend of whales accumulating BNB indicates that institutional and large investors remain confident in BNB.