BNB Holds Steady Around $850 as Buyers Defend Support
BNB spent the past 24 hours consolidating near $850 after staging a recovery from early selling pressure that dragged the token toward the $840 level. Strong bids emerged at that zone, providing a floor and fueling a rebound that briefly carried prices to $855 before easing back.
Trading activity during the rebound was stronger than average, a sign that larger players may have stepped in. Market watchers note that while one session doesn’t define a trend, the quick defense of support highlights investor willingness to buy dips even amid broader caution in crypto markets.
Technical Snapshot
- Support: Initial support is anchored at $850, with $840 serving as the critical downside threshold.
- Resistance: Resistance sits between $855 and $857. A clean break and hold above this band could trigger fresh upside momentum.
- Volume: The recovery was accompanied by a noticeable surge in trading volume, reinforcing the view that institutional flows supported the move.
For now, BNB remains rangebound, with traders watching whether momentum builds for a breakout above resistance or if sellers reassert control near $857.
