Sellers Cap BNB Rally, Token Pulls Back to Hover Around $850

BNB Stabilizes Near $850 After Sharp Test of Support

BNB spent the past day consolidating around $850 following a rebound from the $840 zone, where strong bids absorbed early selling pressure.

The token briefly climbed as high as $855 during the session, with above-average trading activity supporting the recovery, according to CoinDesk Research’s technical models. The swift bounce suggests buyers remain active at defined levels despite the cautious broader crypto backdrop.

Analysts note that while one session doesn’t establish a new trend, the rebound highlights dip-buying interest. A decisive push above the $855–$857 resistance cluster could shift sentiment toward a more bullish footing.

Technical View

• Support: $850 holds initial support; $840 remains the key downside level.
• Resistance: Overhead resistance sits at $855–$857. Clearing that range would open room for upside.
• Volume: Spikes during the rebound hint at participation from larger players.

Until resistance is broken, traders expect BNB to remain rangebound, with $840 serving as the line in the sand for bulls.

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