BNB extended gains over the past 24 hours, rising nearly 2.5% to trade at $872 amid a broader rally in the cryptocurrency market, with the CoinDesk 20 (CD20) index up 1.4% over the same period.
The token outperformed most major cryptocurrencies during the session, holding above the $850 support level as volatility weighed on the broader market, according to CoinDesk Research’s technical analysis data model.
Trading data shows that BNB rose above $851 and then rose steadily throughout the period, reaching a high of around $876 before consolidation. Daily volume was well above recent averages, suggesting participation from larger traders rather than short-term retail flows.
Price action followed a familiar pattern of accumulation by major players. BNB posted higher lows throughout the day and held gains during periods when other tokens retreated.
Interest in BNB has also been fueled by recent announcements from BNB Chain ecosystem participants such as PancakeSwap, which previously unveiled a new onchain prediction market incubated by what it calls Probable.
For now, market participants are watching to see if BNB can hold above $870 and challenge resistance in the $880 range. A sustained break higher could refocus attention on the $900 level, while a drop below $850 would test whether recent gains reflect lasting accumulation or short-term positioning.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial staff to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI policy.
