The price of BNB was little changed around $ 850 after a period of 24 hours which saw it increase up to $ 855.
The large sale earlier in the period had pushed the token to the $ 840 zone, where the offers absorbed the supply to set a level of support, according to the Technical Analysis model of Coindesk Research. From there, the momentum has turned, with an activity greater than the average helping to increase prices and stabilize them near the current level.
The rapid defense of support stands out after a broader extent of cryptography. Although a session does not define a trend, the rebound suggests that buyers were ready to intervene at defined levels. If the price can build a base near current brands and pierce through the nearby resistance, intra -day volatility can go from sale to purchase of decline.
Preview of technical analysis
BNB tested the request zone from $ 840 to $ 845 and detained. The price then advanced in a group of tenders nearly $ 855 at $ 857, where the first resistance is, and is consolidated now.
The volume increased during the Tour higher, a signal of traders often read while the greatest players getting involved. A clean and maintained rupture above $ 857 would open more and more.
The fact of not erasing this band maintains the accent on the first support of $ 850 and the area of $ 840 as a critical line in the sand.
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