The price of the BNB token rejected from the $800 level, reaching $799.67, after which it fell to around $782. This event confirms the $800 level as immediate resistance for buyers. Initially, BNB opened at around $788 and briefly rose to the $800 mark but then fell approximately 0.8%. The decline indicates that some holders began to take profits as the price approached the round psychological mark.
Despite the retreat, the broader movement of BNB remains relatively strong as the price is still above the levels that defined its trend in previous weeks and months. The accumulation measure on the chart also remains high, indicating that there were more purchases than sales during the rally. However, this measure has decreased after reaching a recent peak, suggesting a slight cooling, although this does not yet indicate a significant sell-off among holders.
The first important support area lies between the $750 and $760 levels, as this is where buyers previously activated. This zone will be the most immediate test if the pullback continues. The short-term trend line for BNB is also close to the $744 level. A return to this mark would still leave the rally intact, but only if buyers activate. Below the $744 mark, the $720–$725 area could become another potential support level. The former resistance level around $700 will become more significant if selling intensifies significantly. Currently, the market's main focus is on whether buyers can defend the support and attempt to reach the $800 level again.
Related articles
