How will regulatory troubles and mandatory KYC impact Binance Coin (BNB) price?

Binance Coin (BNB) rallied 30% in two weeks, but the fourth largest cryptocurrency by market capitalization seems to be struggling to break the $450 resistance. Coincidently, this is the same top from June 3, which was followed by a 48% correction down to $225.

Given the similarity of the situation when compared to previous instances, investors have reasons to doubt the recent performance, especially as Solana (SOL), a competing smart contract platform, reached an all-time high on August 18.

Binance Coin (BNB) price at Binance, in Tether (USDT). Source: TradingView
Binance Coin USD/USDT margined futures 8-hour funding rate. Source:
Binance Sept. BNB/USDT futures premium vs. regular spot market. Source: TradingView