The price of BNB fell almost 1.5% in volatile negotiation in the last 24 -hour period to operate recently around $ 765. It is below a maximum of almost $ 780 earlier this week.
The movement forged a range of $ 34.87 in a short window, since the institutional sale reached the market and the buyers rushed to defend the key support. The negotiation volume increased to almost 12,000 tokens for a single hour, pointing out a liquidation wave near the psychological level of $ 760, according to the technical analysis model of Cindensk Research.
The slow performance of Token saw Sol (Sun) of Solana exceed BNB market capitalization after increasing 3.5% in the last 24 hours. Sol now has a market capitalization of $ 109.3 billion, compared to the $ 106.6 billion BNB.
The merchants who observed the resistance zone of $ 770 saw that the rejection candles will be formed at the beginning of today’s negotiation session, often a sign of great market participants who download positions. In response, Bulls organized a defense at $ 745.75, which led to a short -term recovery.
In BNB -related news, Binance announced a temporary pause in the withdrawals of the BNB smart chain on July 23 for the maintenance of the wallet, which is expected to last half an hour. Meanwhile, the Blockchain Nano Labs infrastructure firm said it increased its BNB holdings to 120,000 tokens, valued by around $ 90 million.
Discharge of responsibility: Parts of this article were generated with the assistance of AI tools and reviewed by our editorial team to guarantee the precision and compliance with our standards. For more information, see Coindesk’s complete policy.
