The cryptocurrency market has been experiencing intense buying and selling pressure, leading to increased volatility.

While many top tokens have seen reduced price action in recent days, the Binance Coin (BNB) has bucked this trend with a significant price jump.

Over the past day, Binance Coin's price has risen by approximately 3.5%, and it has added 6.10% over the past week, indicating growing investor interest. This bullish momentum has been consistent for the past two months, with the token trading within a range of $568 and $635.

The Binance Coin price is now on the verge of breaking through its important resistance level, making the outcome uncertain. The 50-day EMA consistently supports the price chart in the 1-day time frame, suggesting a positive outlook for Binance Coin's price in the coming days.

The Relative Strength Index (RSI) shows a significant rise in the chart, indicating increased buying pressure in the market. Additionally, the averages continue to rise, suggesting that the price will continue to gain value in the future.

If the bulls maintain their momentum, Binance Coin will test its resistance level of $635, setting the stage for it to reach its all-time high (ATH) of $690.9 in the coming time. However, if the market experiences a bearish reversal, the BNB price will lose momentum and drop towards its important support level of $568 in the upcoming weeks.