BNB has continued its upward trend over the last 24 hours, climbing nearly 2.5% to a trading value of $872, coinciding with a broader recovery in the cryptocurrency market where the CoinDesk 20 (CD20) index increased by 1.4% during the same timeframe.
Throughout the session, BNB outperformed many major cryptocurrencies, maintaining its position above the $850 support level despite broader market volatility, as indicated by CoinDesk Research’s technical analysis data model.
Trading data reveals that BNB initially surpassed $851 and gradually increased, hitting a peak near $876 before stabilizing. Daily trading volume significantly exceeded recent averages, indicating involvement from larger players rather than just short-term retail traders.
The price activity reflects a typical pattern of accumulation by key investors. BNB recorded higher lows throughout the day, managing to retain gains even when other cryptocurrencies faced declines.
Recent news from participants in the BNB Chain ecosystem, such as PancakeSwap—who recently launched a new on-chain prediction market named Probable—has further bolstered interest in BNB.
Currently, market observers are monitoring whether BNB can sustain its position above $870 and challenge resistance around the $880 mark. A consistent breakout above could redirect focus toward the $900 level, while a drop below $850 would test the sustainability of recent gains, determining if they are driven by strong accumulation or short-term speculation.
Disclaimer: Portions of this article were generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For further details, please refer to CoinDesk’s full AI Policy.
