- BNB rose over 1.7% and briefly touched $868 after breaking $860 resistance.
- Trading volume jumped nearly 200%, confirming active buyer interest.
- Short-term charts show bullish structures, though long-term recovery remains incomplete.
BNB pushed higher over the last 24 hours, rising more than 1.7% as the broader crypto market caught a bid. The CoinDesk 20 index climbed 2.2% over the same period, helping lift sentiment across major tokens. BNB managed to break through the $860 resistance that had capped recent rallies, briefly touching $868 before pulling back slightly.
Price Strength Meets Negative Headlines
The move higher came despite renewed scrutiny around Binance. A Financial Times investigation reported that the exchange allegedly failed to prevent hundreds of millions of dollars from flowing through suspicious accounts, even after agreeing to a $4.3 billion settlement with U.S. authorities. While the report weighed on sentiment, BNB still managed to outperform expectations, though it lagged the broader market’s gains.
Volume Spikes Confirm Buyer Interest
Trading volume surged roughly 192% above the daily average, according to CoinDesk Research data. Several distinct volume spikes appeared as prices approached key levels, suggesting active participation rather than a low-liquidity drift higher. Three separate bursts of elevated volume helped establish fresh support in the $856 to $858 range, giving the move more technical credibility.
Short-Term Charts Turn Constructive
On the hourly chart, BNB printed a V-shaped recovery after an early dip toward $851. Buyers stepped in aggressively, pushing prices back above $863 and forming an ascending triangle between $864 and $865.80. This pattern is often associated with bullish continuation, though follow-through will depend on broader market conditions.
Bigger Picture Still Mixed
Despite the recent bounce, BNB remains about 32% below its all-time high of $1,360. Other exchange-related tokens such as KCS and LEO are much closer to their peaks, highlighting relative underperformance.
For now, traders are watching whether BNB can hold above its newly formed support zone to sustain momentum.
