BNB Hovers Near $840 After Brief Rally Above $855 as Sellers Return
BNB's price remained around $850 after a brief rally to $855, dropping to a support level near $840. After heavy selling, buyers stepped in at this support zone, which was essential in stabilizing the price. The bounce was supported by increased trading activity, indicating potential interest from larger investors. Current resistance is seen between $855 and $857, and a sustained break above this could signal further upward movement. Without clearing this resistance, the focus may shift back to the critical support levels of $850 and $840. Overall, the price action suggests a consolidation phase following a period of market caution, highlighting the resilience of buyers in defined support areas.
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