BNB Soars Past Resistance—Then Pulls Back as $500M Treasury Plan Shakes Market
BNB's rollercoaster ride just got a $500M plot twist.
Pump and... retreat?
The token surged past key levels—only to backtrack as Binance's treasury maneuver sparked profit-taking. Classic crypto: big moves, bigger volatility.
Treasury turbulence.
That half-billion-dollar push? Market makers smelled dilution risk. Retail traders got whiplash. Meanwhile, the 'smart money' probably front-ran the news—because finance is nothing if not predictable.
What's next?
If history rhymes, BNB bulls will shrug this off as a healthy retrace. Or maybe the market's finally tired of 'strategic reserves' that look suspiciously like exit liquidity. Place your bets.
Technical Analysis Overview
The most aggressive price movement came during a midday rally that sent the token as high as $774.94. Volume surged above 60,000 tokens during that move, a signal that larger participants may have been driving the action.
That rally ran into resistance just below $780, where sellers stepped in and halted the advance.
Price action at that level has historically triggered reversals, and this session was no exception. A pullback followed, with the price eventually sliding. While the drop erased a portion of the day’s gains, BNB found consistent support near that level.
The repeated defense of the $765–766 zone suggests buyers are accumulating at that range. Institutional interest often shows up in this kind of layered support, where price holds despite increased volume and selling pressure.
The total trading range for the session spanned $16.83, or about 2.18%. Though not extreme, this volatility highlights how quickly sentiment can flip.
