BNB jumped nearly 1.5% over 24 hours to test the $860 level, hitting near multi‑session highs after clearing several short-term resistance zones. The latest leg higher was driven by an unusually strong buying burst in the most recent hour of trading.
Trading activity spiked as volume climbed to 49,560 BNB, roughly 70% above the 24‑hour average of 27,459 tokens. Price action sliced through layered resistance between $851–$853, and a push above $854 opened the path toward current levels, with intrahour gains from about $854.75 to $859.
Part of the momentum followed a corporate accumulation announcement: CEA Industries said it expanded its holdings to 388,888 BNB—about $330 million—and is targeting 1% of supply by year‑end. Broad markets also turned positive; the CoinDesk 20 (CD20) index rose about 2.7% in the same 24‑hour window.
Macro flows likely helped too. A sell‑off in long Treasury bonds amid concerns about rising government debt pushed capital into traditional safe havens such as gold, and into tokenized gold markets that recently surpassed $2.5 billion. That risk‑on crossover can lift high‑liquidity tokens like BNB alongside broader crypto gains.
What to watch: sustained follow‑through will need continued volume above recent averages and a hold above the $851–$854 zone. If BNB fails to reclaim support, a pullback toward the mid‑$800s is possible. Traders should also monitor institutional accumulation and macro interest‑rate signals that can quickly change market direction.
Risk note: Crypto markets are highly volatile; this analysis is informational and not investment advice. Price moves can be rapid and influenced by large holders or sudden macro shifts.
Source: CoinDesk. Read the original coverage for full details.
