BNB (CRYPTO:BNB), the native cryptocurrency of the Binance exchange, is nearing its all-time high, currently trading at $640 with a previous peak around $690.

The Binance Smart Chain has seen a stable rise in daily transactions, now reaching 4 million, indicating strong user engagement. BNB's market capitalisation is approaching $100 billion, positioning it as the fourth largest cryptocurrency.

The consistent upward movement on both weekly and daily charts, especially above the Ichimoku cloud's baseline, shows robust price action and reduced selling pressure.

This stability signals a bullish outlook for BNB, with investors closely monitoring potential breakout opportunities.