BNB extended its gains in the past 24 hours, rising nearly 2.5% to trade at $872 amid a broader cryptocurrency market rally that saw the CoinDesk 20 Index (CD20) rise 1.4% in the same period.
The token outperformed most major cryptocurrencies during the session, holding firm above the $850 support level as volatility weighed on the broader market, according to CoinDesk Research’s technical analysis data model.
Trading data shows that BNB rose above $851 and then rose steadily over the period, peaking around $876 before consolidating. Daily volume was well above recent averages, suggesting participation from larger traders rather than short-term retail flows.
The price action followed a familiar pattern for accumulation of major players. BNB posted higher lows throughout the day and maintained gains during periods when other tokens retreated.
Interest in BNB has also been supported by recent announcements from BNB Chain ecosystem participants such as PancakeSwap, which previously introduced a new on-chain prediction market it incubated called Probable.
For now, market participants are watching if BNB can hold above $870 and challenge the resistance in the $880 range. A sustained break higher could refocus attention on the $900 level, while a drop below $850 would test whether recent gains reflect long-lasting accumulation or short-term positioning.
Disclaimer: Portions of this article were generated with the help of artificial intelligence tools and were reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s full AI Policy.
