BNB Struggles to Break $654 Resistance Amid Geopolitical Uncertainty

BNB's rally hit a wall at $654, a critical resistance level flagged by CoinDesk Research, as escalating tensions between Israel and Iran rattled crypto markets. The token pulled back after briefly topping $650, signaling trader hesitancy. The CoinDesk 20 Index remained flat over the past 24 hours.

Risk appetite deteriorated further following provocative remarks about Iran by former President Donald Trump, with prediction markets now pricing a 61% chance of U.S. military action in the region by month-end. These macro concerns muted positive catalysts including the U.S. Senate's approval of landmark stablecoin regulation.

Technical analysis shows BNB oscillating between $641-$654, with strong resistance near $653.50. While institutional Bitcoin demand provides a floor, near-term price action remains hostage to geopolitical developments.