BNB Price Surges Amid Market Rally Despite Binance Scrutiny
- BNB rose over 1.7% in the last 24 hours, while the CoinDesk 20 (CD20) index increased by 2.2%.
- The price surpassed the $860 resistance level, briefly reaching $868 before a pullback.
- Trading volume surged by 192% above the daily average, indicating strong market activity.
- New support levels were established around $856–$858 following a V-shaped recovery from an early dip to $851.
- BNB remains approximately 32% below its all-time high of $1,360.
Despite the price increase, BNB’s performance is under scrutiny due to allegations against Binance regarding inadequate controls over suspicious transactions, even after settling a U.S. criminal case for $4.3 billion.
The recent trading activity shows a significant volume increase and price support establishment around $856–$858 as BNB continues to lag behind other tokens like KCS and LEO in terms of all-time high recovery.(Source)
