BNB rose about 0.6% over the past 24 hours and shake a recent fall to now act close to $ 780. At its highest, the token reached $ 785.75 and jumped from a low level of $ 761.22 during a stretch of high volume trade.
Much of the volume was centered on a sharp correction as BNB fell from $ 774.52 to $ 761.34 on volume more than twice the daily average, according to Coindesk Research’s technical analysis model.
However, this withdrawal was short -lived.
BNB’s price is tracked a V-shaped recovery that ended near its high and far above key $ 761 support zone. Rebound came after Windtree Therapeutics committed $ 520 million for its planned BNB business box.
The purchase represents one of the largest non-crypto institutional items in a non-bitcoin token to date. Other companies, including Nano Labs, have also invested in BNB, whose supply is steadily dropped over Binance’s and BNB Chain’s Token Burns.
Meanwhile, the BNB chain continues to grow its developer ecosystem. The platform announced the next cohort of its most valuable builder accelerator, supporting 15 startups from early stages working in AI, decentralized funding and tokenized assets in the real world.
BNB now shows signs of consolidation as it hovers around the $ 780 level, according to Coindesk Research’s technical analysis model.
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