The price of BNB rose more than 1.5% over the past 24 hours and managed to overcome the weakness during the session to move over the $ 810 mark, up from a low that tested its $ 800 support level.
Cryptocurrency is now targeting the level of resistance to $ 815 after buyers helped push their price further up through several smaller resistance points, according to Coindesk Research’s technical analysis model.
Ongoing business recording, where CEA Industries recently became the largest business owner of BNB after a $ 160 million purchase. Several other companies, including Nano Labs and Windtree Therapeutics, are also moving to establish BNB state boxes.
Overview of Technical Analysis
BNB’s trade over the past 24 hours showed the kind of disciplined price action that is often associated with institutional accumulation. The token traded within a $ 22.41 interval, from a low level of $ 792.47 to a highlight of $ 814.88, with buyers that stepped in repeatedly at the $ 800- $ 803 level.
These supportive gene tests drew a constant volume, suggesting a readiness to defend the zone. Resistance first came near $ 811.71, then again in the range of $ 814- $ 815, where algorithmic sales programs added pressure.
The turning point came when BNB built a number of higher low low, $ 800.44, $ 801.20, $ 802.47 and $ 804.08, which steadily absorbs sales orders.
This sequence was followed by the removal of key resistance barriers to $ 803.50, $ 807.20 and $ 809.50, a pattern market technician view as a sign of sustained purchase interest.
An increase in volume to $ 800.44 support level triggered a crucial push higher, with a breakout of $ 804 and then occurs. This rally led the token to Intraday heights near $ 810.57 before laid just under the $ 815 resistance zone, a level now standing as the next test for Bullish Momentum.
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.
