BNB Price Peaks at $778 Before Retracing Amid Corporate Adoption
BNB is currently priced around $776 after a 1.3% increase over the past 24 hours, following a sharp rally earlier that reached a local high of $778. This surge was short-lived due to subsequent selling pressure.
Key points:
- The rapid sell-off followed after testing resistance levels not breached in recent weeks.
- Corporate adoption continues, highlighted by CEA Industries' $500 million private placement for its BNB treasury strategy.
- Broader market conditions remain volatile amid shifting trade policies and geopolitical risks, including upcoming tariffs.
- BNB's performance is relatively stable, down 8.7% from its all-time high, compared to larger declines (35%-60%) seen in other tokens.
Technical Analysis Overview
During the midday rally, BNB peaked at $774.94 with trading volume surpassing 60,000 tokens, indicating significant participation. Resistance was encountered just below $780, leading to a pullback.
Support has been consistently found in the $765–766 range, suggesting institutional accumulation. The trading session showed a total range of $16.83, or about 2.18%, reflecting quick sentiment changes.