BNB Holds Above $870, Eyes Resistance Near $880
BNB extended its recent rally, rising nearly 2.5% over the past 24 hours to trade around $872 amid a broader cryptocurrency market rebound. The CoinDesk 20 (CD20) index gained 1.4% during 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 climbed steadily from $851 to a high near $876 before consolidating, with daily trading volume exceeding recent averages—indicating participation from larger traders rather than short-term retail activity.
Price movements suggested accumulation by major market participants, as BNB posted higher lows and maintained gains while other tokens retraced. Support was also bolstered by BNB Chain ecosystem developments, including PancakeSwap’s launch of its on-chain prediction market, Probable.
Traders are watching whether BNB can sustain above $870 and challenge resistance near $880. A successful break could shift focus toward $900, while a drop below $850 may test whether recent gains reflect durable accumulation or short-term positioning.
Disclaimer: Portions of this article were generated with AI assistance and reviewed by the editorial team for accuracy and compliance with CoinDesk standards. See CoinDesk’s full AI Policy for details.
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