Token Rebounds Above $860 After Testing Key Support, But Lags Broader Crypto Market

The native token of the BNB Chain, BNB, regained ground over the last 24-hour period, seeing a 1.88% rise to $863 after slipping to a session low of $833. The rebound follows a sharp drop earlier in the month, when BNB broke through a key support range around $800 but found buying interest below that level.

The last 24 hours saw BNB peak above $866 as it carved out a broad range before recovering in the last few hours. The bounce lifted the token above multiple resistance zones that had formed after a series of failed attempts earlier in the week, according to CoinDesk Research’s technical analysis data model.

Although the volume remained moderate in comparison to the figures seen during the recent major sell-off, it was enough to reverse the earlier breakdown.

For traders, the recovery could signal short-term stability, though the relatively low volume behind the move may limit follow-through. Earlier this week, heavy sell pressure and a string of lower highs confirmed a bearish trend, capped by repeated rejections near $855.

BNB’s return above $860 brings it back into a zone that had served as resistance. If it holds, $870 could become the next level to watch. But if sellers return, the $832-$836 band remains the critical floor.

The token has nevertheless underperformed the wider crypto market’s recovery, with the CoinDesk 20 (CD20) index rising 4% in the last 24-hour period.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.