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BNB Rises 1.5% as Corporate Accumulation Boosts Buying Pressure
BNB climbed nearly 1.5% over the past 24 hours, testing the $860 level and reaching near multi-session highs after breaking through key resistance zones.
According to CoinDesk Research’s technical analysis model, the upward move was supported by unusually strong buying in the latest hour of trading. Volume surged to 49,560 tokens, roughly 70% above the 24-hour average of 27,459, signaling robust market interest.
The price broke layered resistance at $851–$853, with a subsequent push above $854 propelling BNB to its current levels. During a one-hour window, BNB added 0.5%, climbing from $854.75 to $859.
The gains coincided with broader crypto market strength and CEA Industries’ announcement that it expanded its BNB holdings to 388,888 tokens, valued at $330 million, targeting 1% of total supply by year-end. The wider crypto market, measured by the CoinDesk 20 (CD20) index, rose 2.7% in the past 24 hours.
The BNB rally unfolded amid a sell-off in long-term bonds in traditional markets, fueled by concerns over rising government debt. Safe-haven assets, including gold, benefited from the trend, with the tokenized gold market surpassing $2.5 billion.
