According to CoinMeta, the price of BNB approached $590 during trading on Tuesday. After breaking through the trend line, it is currently facing a resistance level of $592 and a large number of liquidation clusters above $605, which may determine its next move. According to Crypto.News data, the price of BNB ($BJWKEEP_00004__) was $590.10 at the time of publication, having risen by about 4% in the past week from a recent low of $566. The 4-hour chart shows that BNB has broken through the downward trend line since early July; buyers conducted defensive testing around $576, subsequently pushing the price back near $590. If it can remain above $581.62, this will enhance the validity of the breakout; otherwise, it will weaken the current structure. The network activity of BNB has increased, with trading volume on decentralized exchanges reaching approximately $19 billion this week, leading ahead of Ethereum and Solana. The chain's recent quarterly burn eliminated about 1.62 million BNB, worth about $932 million, reducing the total supply to nearly 133.17 million BNB. These fundamentals have helped BNB to perform exceptionally well in a market of altcoins that mostly fluctuate within narrow ranges.