The BNB chain’s native token, BNB, is holding steady above $950 after falling 0.6% in 24 hours. The token last traded at $952, showing resilience in the face of broader market volatility; The Coindesk 20 (CD20) The index fell 1.6% in the same period.
After opening at $957.70, BNB sank to a low of $891.84 before recovering. Buyers entered the $940 support level, an area that has been repeatedly tested in recent price swings according to Coindesk’s technical research analysis data model.
The recovery suggests traders have selectively accumulated BNB while most of the crypto market remains flat or under pressure.
The trading volume in the past 24 hours stood at $ 14.06 million, about 86% of the weekly average, which points to constant interest without signs of excessive speculation.
The price has now cleared the $944 resistance zone, with $950 emerging as a key psychological level for the next leg higher.
Behind price action are structural factors. Regular quarterly token burns and expanding usage within the BNB chain ecosystem continue to support investor confidence.
Almost 67% of the BNB supply is held by public investors, with less than 1% controlled by insiders, reducing the risk of sudden large sales. According to a recent report From Binance co-founder Changpeng Zhao’s Family Office, Yzi Labs.
If momentum holds, there is a potential upside towards the $1,230-$1,300 range.
Disclaimer: Parts of this article were generated with help from AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.
