CoinDesk
2025-08-11 15:25:44

BNB Swings 4% in 24 Hours, Testing $800 Resistance

BNB has been seeing turbulence over the last 24-hour period, enduring a 4% swing over the period between the $793 to $827 range, before settling just above the $800 level. The token initially moved to a peak of $827 as the rally started, with more than 146,000 tokens traded in a single hour before sellers stepped in to reserve these gains. Trading remained choppy since, with short-lived recoveries failing to break resistance levels near $800 decisively. Despite the volatility, BNB treasury purchases haven’t wavered, with CEA Industries becoming the largest corporate holder of the cryptocurrency after a $160 million purchase. The move pushed BNB’s market capitalization to nearly $112 billion, cementing its position as the fifth-largest cryptocurrency by market capitalization. While the price swings rattled traders, the underlying demand suggests continued long-term interest. Technical Analysis Overview BNB’s $33.34 trading range over the 24-hour period represents a 4% volatility band between its $793.99 low and $827.33 high. The rally stalled at the $827.33 resistance level, where high-volume selling pressure capped gains. Support formed near $794, reinforced by heavy buying during the morning correction. Short-term resistance sits near $800.50, where multiple recovery attempts failed despite intraday volume spikes. A breakout above this level could re-test $811.22 and open the path back to $827.33. A breakdown below $794 risks further downside toward the $780 area. Volume profile shows two key liquidity zones: a morning surge of 146,403 units traded at resistance and a 114,685-unit flush at support, both indicating strong institutional participation. These zones may guide short-term price reactions if volatility persists. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy .

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.