BNB Price Stabilizes Around $850 After Reaching $855 High
BNB's price remained stable around $850 after reaching a peak of $855 within 24 hours. Heavy selling had initially pushed the token towards $840, where support was established.
- Momentum shifted as buying activity increased, helping maintain prices near current levels.
- The quick defense of support indicates potential readiness among buyers at defined levels.
- If BNB builds a base and surpasses nearby resistance, intraday volatility may shift from selling to dip-buying.
- Technical analysis shows BNB tested the $840–$845 demand zone and held, advancing towards resistance at $855–$857.
- Volume surged during the upward turn, suggesting larger player involvement.
- A break above $857 may lead to higher prices, while failure to clear this level will keep focus on $850 and $840 as critical support.