BNB Price Jumps Above Key Resistance as Crypto Market Rallies

BNB price climbed more than 1.7% over the past 24 hours, reflecting renewed bullish momentum across the broader cryptocurrency market. The move came as the CoinDesk 20 (CD20) index, which tracks major digital assets, rose 2.2% during the same period, signaling broad-based strength in crypto prices.

During the rally, BNB broke above the important $860 resistance level that had limited recent upside attempts. After clearing this barrier, the price briefly reached $868 before experiencing a modest pullback, suggesting some short-term profit-taking. Despite this, technical indicators continue to point to underlying strength in the BNB market.

Trading activity surged sharply, with volume jumping 192% above the daily average, according to CoinDesk Research’s technical analysis data. Several volume spikes were recorded as the price tested and approached key support areas, indicating strong participation from traders. Notably, three distinct bursts of elevated volume confirmed bullish momentum and helped establish a new support zone in the $856 to $858 range.

On the hourly chart, BNB displayed a clear V-shaped recovery following an early dip to $851. Buyers quickly stepped in at lower levels, pushing the price back above $863. After this rebound, price action formed an ascending triangle between $864.00 and $865.80, a chart pattern commonly associated with bullish continuation and potential further upside.

Despite the positive price action, BNB underperformed the broader crypto market slightly. This relative weakness coincided with a Financial Times investigation alleging that Binance failed to prevent hundreds of millions of dollars in cryptocurrency from flowing through suspicious accounts, even after agreeing to a $4.3 billion settlement related to a U.S. criminal case. The report may have tempered some investor enthusiasm.

From a longer-term perspective, BNB remains about 32% below its all-time high of $1,360. In comparison, other exchange-related tokens such as KCS and LEO are trading much closer to their respective peaks, highlighting comparatively stronger resilience, according to CryptoQuant data.