BNB Surpasses $810 as Buyers Aim for $815 Resistance
BNB’s recent surge in price indicates ongoing institutional interest and buying activity.
Key Highlights:
- BNB price has increased over 1.5% in the past 24 hours, climbing beyond $810 and approaching the $815 resistance level.
- CEA Industries has emerged as the largest corporate holder of BNB following a $160 million purchase, along with other firms beginning to establish their BNB reserves.
- The price action of BNB, marked by consistent buying and retesting of support levels, indicates a potential institutional interest.
The price of BNB has risen over 1.5% in the last day, managing to surpass weakness during the trading period and ascend above the $810 mark, which was a significant level following a low that challenged its $800 support. The cryptocurrency now set its sights on the $815 resistance zone as buyers have consistently driven its price higher through several smaller resistance points.
BNB Price Chart
Continuing corporate involvement includes CEA Industries solidifying its position as the largest corporate holder of BNB through a substantial acquisition.
Technical Analysis Overview
The recent trading of BNB exhibited disciplined activity often correlated with institutional accumulation. Over 24 hours, it traded in a range of $22.41, from a low of $792.47 to a high of $814.88, with buyers frequently stepping in around the $800-$803 level. This consistent volume around support levels indicates a readiness to uphold the price against selling pressures. Resistance was initially identified near $811.71, with subsequent challenges evident in the $814-$815 range.
Overall, the current trends indicate that institutional accumulation may continue, signaling positive momentum for BNB moving forward.
