BNB Clears $600 as Traders Eye a Move to $635

BNB is showing signs of life after reclaiming the important $600 price mark on August 10. The move follows a steady recovery throughout July and has shifted the momentum back in favor of the bulls.

Market data suggests that liquidation clusters are sitting just above the current price. If the buying pressure continues, these clusters could trigger a short squeeze, which often happens when traders betting against a price move are forced to buy to cover their positions. This action could push BNB toward the next resistance level at $635.

Traders are now watching closely to see if the support at $600 holds. If the price manages to stay above this level, the path toward $635 becomes much clearer. If it falls back under $600, buyers will need to step in quickly to prevent further losses.