The price of BNB recorded a 1.7% increase in the last twenty-four hours, managing to break past the key resistance of 860 dollars. However, this performance remains below the general growth seen in other companies and assets in the crypto sector. According to reports from CD Analytics, the digital asset faces renewed downward pressure following reports about Binance. The official source highlights a moderate rise compared to the CoinDesk 20 index, which advanced by 2.2%.
This upward movement occurs in the midst of a new investigation published by the Financial Times regarding the platform. The report alleges that the exchange failed to stop suspicious transactions worth hundreds of millions of dollars.
The accusations suggest persistent weaknesses in controls within the international firm’s internal systems. Furthermore, Binance reportedly processed funds linked to activities that were illicit even after its multibillion-dollar judicial settlement. The 4.3 billion dollar agreement signed in 2023 apparently did not halt these operational irregularities.
On the other hand, technical data shows that trading volume has spiked by 192% recently. The price managed to touch 868 dollars before experiencing a slight pullback toward support zones. Buyers intervened in an aggressive manner after an initial drop toward the 851 dollar level. Therefore, a new solid base has been established between 856 and 858 dollars today. The formation of an ascending triangle suggests a possible continuation of the current bullish trend.
The resilience of the BNB price against current legal uncertainties
Despite the negative media noise, the market seems to be absorbing institutional selling pressure in an efficient way. The one-hour chart revealed a V-shaped recovery that surprised bearish traders during the session. Demand for the native token remains active while the network’s ecosystem continues to expand globally. In addition, the 860 dollar resistance level now acts as a fundamental technical support for the asset.
However, BNB is still 32% below its all-time high of 1,360 dollars. In comparison, other exchange tokens such as KCS and LEO have shown greater resilience against market drops. The discrepancy in relative performance worries analysts who closely follow the sector’s movements. In this way, regulatory scrutiny continues to weigh on the market valuation of the Binance coin today.
Can BNB regain its all-time high in the face of growing pressure from global regulators?
Furthermore, the Financial Times report mentions that accounts linked to prohibited financing networks continued to operate. This situation casts doubt on the effectiveness of the five-year monitorship imposed by US authorities. The US Treasury’s oversight remains a determining factor for the future of the exchange. Since distrust persists, institutional investors maintain a posture of extreme caution during these recent weeks of trading.
Finally, the outlook for BNB will depend on the platform’s ability to demonstrate total and transparent regulatory compliance. Volatility is expected to remain high as the implications of the newly published investigations are clarified.
The success of Richard Teng’s management will be vital to restoring the brand’s reputation. Therefore, the next daily closes above 870 dollars could invalidate the current bearish perspective. The crypto market watches with close attention every legal move involving the world’s largest platform.
