The price of BNB was little changed around $850 after a 24-hour period that saw it rising to as high as $855.
Heavy selling earlier in the period had pushed the token toward the $840 area, where bids absorbed supply to set a support level, according to CoinDesk Research’s technical analysis model. From there, momentum turned, with above-average activity helping lift prices and steady them near back to the current level.
The quick defense of support stands out after a stretch of broader crypto caution. While one session doesn’t set a trend, the rebound suggests buyers were ready to step in at defined levels. If the price can build a base near current marks and punch through nearby resistance, intraday volatility may shift from selling to dip-buying.
Technical Analysis Overview
BNB tested the $840–$845 demand zone and held. The price then advanced into a cluster of offers near $855–$857, where first resistance sits, and is now consolidating.
Volume surged during the turn higher, a signal traders often read as larger players getting involved. A clean break and hold above $857 would open the way higher.
Failure to clear that band keeps the focus on $850 first support and the $840 area as the critical line in the sand.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
