The BNB price changed little around $ 850 after a 24 -hour period that saw it increase up to $ 855.
The heavy sale at the beginning of the period had pushed the token towards the $ 840 area, where the offers absorbed the supply to establish a support level, according to the technical analysis model of Coindesk Research. From there, the impulse revolved, with an activity greater than the average that helps to raise prices and stabilize them near the current level.
The rapid defense of support stands out after a broader precautionary crypto. While a session does not establish a trend, the rebound suggests that buyers were ready to intervene at defined levels. If the price can build a base near the current brands and hit through the near resistance, intradic volatility can change from selling to the purchase of salsa.
General description of the technical analysis
BNB tested the demand zone of $ 840– $ 845 and remained. The price then advanced in a group of offers about $ 855– $ 857, where the first resistance is located, and is now consolidating.
The volume increased during the highest turn, a signal merchant often reads as the largest players get involved. A clean rest and maintenance above $ 857 would open the way higher.
Do not clarify that band keeps the focus on the first $ 850 support and the $ 840 area as the critical line in the sand.
Discharge of responsibility: Parts of this article were generated with the assistance of artificial intelligence tools and reviewed by our editorial team to guarantee the precision and compliance with Our standards. For more information, see Coindesk’s complete policy.
