BNB Chain’s native token BNB remained stable above $950 after falling 0.6% in 24 hours. The token last traded at $952, demonstrating its resilience in the face of broader market volatility; the CoinDesk 20 Index (CD20) fell 1.6% over the same period.
After opening at $957.70, BNB dropped to $891.84 before recovering. Buyers stepped in at the $940 support level, an area that has been tested repeatedly during recent price swings according to CoinDesk Research’s technical analysis data model.
The rally suggests traders are selectively accumulating BNB while much of the crypto market remains stable or under pressure.
Trading volume over the past 24 hours totaled $14.06 million, approximately 86% of the weekly average, indicating consistent interest with no signs of speculative excess.
The price has now broken through the $944 resistance zone, with $950 emerging as a key psychological level for the next step higher.
Behind price developments lie structural factors. Regular quarterly token burns and growing usage within the BNB on-chain ecosystem continue to support investor confidence.
Around 67% of BNB’s supply is held by public investors, with less than 1% controlled by insiders, reducing the risk of sudden, large sell-offs. This is according to a recent report from the family office of Binance co-founder Changpeng Zhao, YZi Labs.
If the momentum maintains, there is upside potential towards the $1,230-$1,300 range.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance. our standards. For more information, see CoinDesk Comprehensive AI Policy.
