The price of BNB was slightly changed about $ 850 after a 24-hour period, rising to as high as $ 855.
Heavy sales earlier in the period had pushed the token against the area $ 840, where bids absorbed delivery to set a support level, according to Coindesk Research’s technical analysis model. From there, Momentum turned on activity above average, which helped the prices to raise prices and stable them near back to the current level.
The rapid defense of support stands out after a stretch of wider crypto impairment. While a session does not set a trend, rebound suggests that buyers were ready to step in at defined levels. If the price can build a base near current brands and strike through nearby resistance, intraday ductility can change from selling to dip purchases.
Overview of Technical Analysis
BNB tested the $ 840- $ 845 demand zone and held. The price then went on to a cluster of offer near $ 855- $ 857, where the first resistance is sitting and now consolidated.
Volume increased higher during the trip, a signal trader read often as larger players get involved. A clean break and hold over $ 857 would open the road higher.
Failure to clear this band is focusing on the $ 850 first support and $ 840 area as the critical line in the sand.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
