BNB Steadies at $850 After Testing Resistance Zone
BNB ended the latest session hovering near $850, following a rebound from early selling pressure and a brief push toward $855.
Heavy offers initially dragged the token into the $840–$845 support area, where strong bids absorbed supply and set a floor. From there, momentum reversed, with above-average trading activity driving prices back into the mid-$850s before consolidating.
The quick defense of support highlights that buyers remain positioned at defined levels, even as broader crypto sentiment stays cautious. A sustained move through $857 could flip near-term momentum in favor of dip-buyers, while failure to break higher would refocus attention on the $850 and $840 downside zones.
Technical Picture
- Support: $850 first line; $840 critical to hold.
- Resistance: $855–$857 initial barrier; clearing this band opens the way higher.
- Volume: Uptick in turnover during recovery suggests larger players were active.
For now, BNB remains range-bound, with traders watching whether buyers can build a base above $850 or risk another test of key support.
