#BNB $BNB Price Faces Resistance at $600 Amid Investors Turning to Algotech Presale in Final Round

The cryptocurrency market has turned into an investment battlefield for the best picks and attention in investment circles. One of them is the native token of Binance, with its surging prices likely facing stiff resistance at $600. 

Another player stepped onto the stage, with the price of BNB facing resistance in seeking to break this key level, Algotech, an algorithmic trading platform, quickly captured the attention of investors as it is in its final round of presale.

BNB Soars Toward $600 Amidst Growing Market Sentiment

Binance Coin has done very well over the last year, spiking from lows of about $300 to now. It faces a stiff resistance level of approaching $600. While the market sentiment seems somewhat mixed, sound fundamentals and increased adoption of Binance’s ecosystem led BNB into a consolidation phase. Technical indicators are now lining up at a crucial point, with a surge above $600 likely to trigger another leg up towards the all-time high.

In addition, the trading volume has soared exponentially over the last couple of days due to increasing coin interest from retail and institutional investors. Currently, the token is trading around $597.19, with a 24-hour trading volume above $1 billion, which represents a 25% increase. 

New partnerships, integrations, innovative products, and services are added daily to the Binance ecosystem. With this rapid growth in cryptocurrency adoption, churn on the rise, and the resulting increased utility as a native token for one of the world’s biggest cryptocurrency exchanges, demand should be able to push the price of BNB higher, increasing potential valuations.