The native token of the Binance chain showed signs of life in the last few hours. During the recent session, BNB recovers the 860 dollar level after having touched a worrying session low. According to the CoinDesk Research technical analysis model, this movement reverses the immediate negative trend that had previously broken vital supports.
Market data indicates a 1.9% rally reaching 863 dollars per unit. On the other hand, the asset managed to overcome multiple resistance zones that had formed after several failed attempts earlier in the week. The rebound occurred specifically after testing the strength of the floor located around 833 dollars, avoiding a larger drop.
Will low volume be able to sustain this rebound against the 870 resistance?
This ascent occurs after a sharp drop recorded at the beginning of the current month. Likewise, the price had previously pierced the 800 dollar support range, finding buying interest just below that level. This technical recovery suggests short-term stability, although the lack of strength in purchasing raises doubts about its sustainability.
Despite the positive movement, the volume behind the rise remains relatively low. Therefore, traders maintain caution by watching the 870 dollar level as the next barrier. If sellers return with force to the market, the critical band between 832 and 836 dollars could be tested again as immediate support.
It is important to highlight that the asset has underperformed the general market. While the CD20 index rose 4%, the Binance token showed a more modest advance. Thus, investors observe if this divergence will close or if relative weakness will persist in the asset’s economy during the upcoming trading sessions.
