BNB Climbs 1.5% as Corporate Buying Boosts Momentum
BNB rose nearly 1.5% over the past 24 hours, approaching $860 and hitting near multi-session highs after breaking through key resistance levels.
CoinDesk Research’s technical model highlighted unusually strong buying in the latest trading hour, with volume surging to 49,560 tokens, roughly 70% above the 24-hour average of 27,459.
The price cleared layered resistance at $851–$853, with a push above $854 driving the token to current levels. In a one-hour window, BNB advanced 0.5%, climbing from $854.75 to $859.
The gains coincided with broader crypto market strength and a corporate accumulation move by CEA Industries, which expanded its BNB holdings to 388,888 tokens valued at $330 million, aiming for 1% of total supply by year-end. The wider crypto market, tracked by the CoinDesk 20 (CD20) index, rose 2.7% over the same period.
The rally also comes amid a sell-off in long-term bonds in traditional markets, driven by concerns over rising government debt. Safe-haven assets, including gold, benefited, pushing the tokenized gold market past $2.5 billion.
