BNB Climbs Above $870 as Traders Eye $880–$900 Resistance
BNB extended its rally over the past 24 hours, rising nearly 2.5% to trade around $872, amid a broader cryptocurrency market recovery. The CoinDesk 20 (CD20) index advanced 1.4% during the same period.
The token outperformed most major cryptocurrencies, holding firm above the $850 support level despite wider market volatility, according to CoinDesk Research’s technical analysis. BNB climbed steadily from $851 to a high near $876 before consolidating, with daily trading volume surpassing recent averages, signaling participation from larger traders rather than short-term retail flows.
Price action suggested accumulation by major market participants, as BNB posted higher lows and maintained gains while other tokens retraced. Investor interest was also supported by developments in the BNB Chain ecosystem, including PancakeSwap’s new on-chain prediction market, Probable.
Market watchers are monitoring whether BNB can sustain levels above $870 and challenge resistance around $880. A break above this range could shift focus to $900, while a drop below $850 would test whether recent gains reflect durable accumulation or short-term positioning.
Disclaimer: Portions of this article were generated with AI assistance and reviewed by our editorial team to ensure accuracy and adherence to CoinDesk’s standards. See CoinDesk’s full AI Policy for more details.
About The Author
More Stories
Bitcoin recovers after Monday’s sharp drop, yet sub-$80,000 levels may be on the horizon, analysts say.
Crypto asset manager Bitwise expects bitcoin to break its four-year pattern next year.
Fewer people hold crypto in the UK, though total holdings continue to rise