BNB Surges Above $870 as Traders Eye $880–$900 Resistance
BNB continued its recent rally over the past 24 hours, climbing nearly 2.5% to trade around $872 amid a broader crypto market recovery. The CoinDesk 20 (CD20) index rose 1.4% in the same period.
The token outperformed most major cryptocurrencies, holding above the $850 support level despite wider market volatility, according to CoinDesk Research’s technical analysis. BNB steadily moved from $851 to a high near $876 before consolidating, with daily trading volume surpassing recent averages, suggesting involvement from larger traders rather than short-term retail flows.
Price action pointed to accumulation by major market participants, as BNB posted higher lows and maintained gains while other tokens retraced. Momentum was further supported by BNB Chain ecosystem developments, including PancakeSwap’s launch of the on-chain prediction market, Probable.
Traders are now watching whether BNB can sustain levels above $870 and challenge resistance near $880. A break above this range could shift focus to $900, while a drop below $850 may test whether recent gains represent durable accumulation or short-term positioning.
Disclaimer: Parts of this article were generated with AI assistance and reviewed by the editorial team to ensure accuracy and compliance with CoinDesk standards. See CoinDesk’s full AI Policy for details.
