Source: CryptoNewsNet
Original Title: BNB Lags Wider Market Despite Volume Surge Resistance Levels Hold
Original Link:
BNB edged higher over the last 24-hour period to top $890, gaining over 1%. While it edged higher, the wider crypto market outperformed it, with major market indices moving up 2.5% in the same period.
Trading activity surged, with 24-hour volume jumping 51% above the weekly average, according to technical analysis data models.
That kind of spike often signals whale participation, either in the accumulation or capitulation side. In this case, the volume surge alongside price underperformance suggests a possible rotation away from BNB toward stronger assets, a red flag for short-term momentum.
BNB’s chart action reflects that uncertainty. The token bounced off support near $885 but failed to hold above $927 intraday, forming a clear resistance band. A descending channel on shorter timeframes adds to the picture of consolidation, not breakout.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
BNB Lags Wider Market Despite Volume Surge Resistance Levels Hold
Source: CryptoNewsNet Original Title: BNB Lags Wider Market Despite Volume Surge Resistance Levels Hold Original Link: BNB edged higher over the last 24-hour period to top $890, gaining over 1%. While it edged higher, the wider crypto market outperformed it, with major market indices moving up 2.5% in the same period.
Trading activity surged, with 24-hour volume jumping 51% above the weekly average, according to technical analysis data models.
That kind of spike often signals whale participation, either in the accumulation or capitulation side. In this case, the volume surge alongside price underperformance suggests a possible rotation away from BNB toward stronger assets, a red flag for short-term momentum.
BNB’s chart action reflects that uncertainty. The token bounced off support near $885 but failed to hold above $927 intraday, forming a clear resistance band. A descending channel on shorter timeframes adds to the picture of consolidation, not breakout.