Brief Breakout Above $855 Fades as BNB Consolidates Near $850

BNB Consolidates Near $850 After Testing Key Levels

BNB held close to $850 on Monday following a session marked by both downside pressure and a quick rebound from support. The token briefly climbed as high as $855 before sellers reemerged, capping further gains.

Early in the period, heavy selling drove BNB toward the $840 region, where buyers absorbed supply and stabilized price action. That defense set the stage for a recovery, with stronger-than-average volume lifting the token back into the mid-$850s.

Analysts say the reaction underscores buyers’ willingness to step in at defined levels, even as the broader crypto market remains cautious. Sustained strength above $857 would be needed to confirm upside momentum, while failure to clear that band leaves $850 and $840 as immediate levels to watch.

Technical Overview

• Support: $850 as first-line defense; $840 remains critical downside zone.
• Resistance: Initial resistance between $855–$857; breakout above could shift sentiment.
• Volume: Recovery accompanied by elevated turnover, signaling larger participation.

For now, BNB’s outlook hinges on whether bulls can build a base above current levels or if renewed selling pressure forces a retest of $840 support.