BNB experienced notable intraday swings over the past 24 hours, trading between $849.88 and $868.76, a 2% range. The session began with bullish momentum but slowed as the token approached resistance near $868.
The price swings follow filings with the U.S. Securities and Exchange Commission by REX Shares and the rise of BNB-focused treasury firms, including B Strategy, which plans to hold up to $1 billion in BNB backed by Binance co-founders Changpeng Zhao and Yi He.
On-chain activity surged, with daily active wallet addresses on BNB Chain more than doubling to roughly 2.5 million, according to DeFiLlama. However, transaction volumes have been trending lower since late June, reflecting uneven network activity despite institutional interest.
BNB also faces macroeconomic headwinds ahead of key U.S. economic releases, including manufacturing and services surveys and August payroll figures. These reports could affect expectations for a potential Federal Reserve rate cut.
Technical Overview
BNB rallied from $860.30 to $868.08 but faced heavy selling in the $867–$868 range, marking a key resistance level. Volume peaked at 72,000 tokens, above the session average of 54,000. The token retraced to $850–$855, with dips to $851.40 triggering volume spikes and confirming strong demand at lower levels.
