BNB saw a slight increase in the last 24 -hour period, but has been constantly recovering after seeing a great reduction to test its support level of $ 750.
The Token is now back with $ 760 and shows signs of continuous interest of the buyer at the key support levels. This rebound occurred when the main cryptocurrencies recorded more pronounced losses, heavy for the growing geopolitical tensions and macroeconomic uncertainty.
However, BNB found the demand for retail and corporate buyers, with large commercial volumes that helped him recover from his steep intimate minimums.
The recent active performance follows a series of Binance movements to strengthen its platform, including the web version of its wallet and the expansion of Bitcoins options.
Meanwhile, companies such as CEA Industries, Wintree Therapeutics and Nano Labs have been adding BNB to their treasure bonds, indicating a broader appetite for the Token.
Compared to other exchange tokens that remain from 30% to 60% discount at their maximums, the 10% BNB reduction of its $ 861 peak, according to cryptocant data, positions it as one of the most stable assets in the sector under pressure, together with Leo.
BNB, shows the same data source, currently has 81.4% participation in the total market capitalization of the Token Exchange sector.
General description of the technical analysis
The BNB recovery was driven by a strong price drop at the beginning of the session, where the heavy sale sent the Token to $ 746.29.
That level attracted a strong volume with 105,239 tokens negotiated, well above the daily average, suggesting that buyers intervene aggressively with the discount, according to the technical analysis model of Cindensk Research.
After establishing support, BNB began to form a series of higher minimums. That employer pointed out a change of feeling as buyers repeatedly defended new levels, gradually pushing the price up.
A second rebound backed by volume reinforced that trend. From there, the Token rose constantly, finally near the level of $ 760.
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