BNB (BNB), the native token of BNB Chain, surged 6% on Aug. 8, breaking above the $500 resistance level. However, on a weekly basis, BNB is still down 9% due to a significant correction earlier in August, driven by a reduced investor appetite for cryptocurrencies. Despite this, BNB has outperformed most altcoins, being down only 1% over the past 30 days, while the overall altcoin market capitalization (excluding stablecoins) fell by 7% during the same period. Improved macroeconomic perspectives fueled BNB price Traders are now questioning whether BNB can reclaim its late-July high of $590 and …