BNB Surges 1.44% to $908 as Volume Jumps 68% Near Key Resistance Zone

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<a href="https://jpyxx.com/bnb-usd/">BNB</a> Nears $910 as Volume Jumps 68%, Signaling Growing Interest Near Resistance ZoneMarkets

What to know:

  • BNB’s price rose 1.44% to $908, driven by a 68% surge in trading volume, as large investors may be accumulating the token during a consolidation phase.
  • The token is trading in a sideways range, holding above recent lows near $896, and a breakout above the $920-$928 resistance zone could push BNB toward $940 or $1,000.
  • The uptick in BNB’s activity coincides with developments on the BNB Chain, including increased on-chain volume and new tool launches, aiming to grow the utility of the chain and attract speculative and longer-term interest.

Over the past 24 hours, BNB’s price increased by 1.44%, reaching $908. This price rise coincides with a significant increase in trading activity, hinting that larger investors might be buying BNB while the market stabilizes.

Trading activity for BNB surged 68% above normal, reaching a high of 86,436 transactions in one hour, as the price approached a significant resistance level between $920 and $928, according to analysis from CoinDesk Research.

The token’s price dipped to around $903 before stabilizing, remaining above its recent low of $896. This has created a period of relatively flat trading, which often suggests buyers are getting ready for a significant price increase.

The recent increase is happening as the overall cryptocurrency market recovers. Bitcoin and ether, two major cryptocurrencies, have both risen in value by 0.5% to 3.5%. This follows encouraging news from traditional financial markets, particularly expectations that the Federal Reserve will lower interest rates this month.

The recent increase in BNB activity is happening alongside growth on the BNB Chain, such as more transactions happening on the network and the release of new applications like predict.fun, a prediction market app connected to Binance.

Even with some recent ups and downs, these projects are focused on making the blockchain more useful, and it’s still drawing both short-term traders and long-term investors.

Traders are currently focused on the $920 to $928 price range for BNB. If the price rises above $928, it could potentially reach $940 or even $1,000. However, if it falls below $903, it might find support around $896.

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2025-12-04 21:03