Rising institutional interest pushes Binance Coin toward critical resistance at $855
Binance Coin (BNB) is closing in on its all-time high after a sharp 4% intraday rally, driven by what traders describe as aggressive corporate buying and robust trading volume. The token reached a session peak near $855, just shy of its record levels, before encountering notable selling pressure.
Over the past week, BNB has outperformed most major altcoins, climbing from a key support zone around $740 to current levels above $840. Technical charts show the breakout from a prolonged descending channel in June, followed by a decisive rally through the $680 resistance zone in July. This level has since turned into a strong demand area, signaling sustained bullish momentum.
Market analysts note that the rally’s strength was underpinned by high volume participation, suggesting that institutional desks and corporate treasuries may be increasing exposure. “The price action is showing classic signs of accumulation followed by expansion,”According to BITX crypto trader. “If BNB closes above $855 on strong volume, the next leg could push it into uncharted territory.”
However, the chart also reflects profit-taking at the $855 resistance, where a cluster of previous highs sits. “This is a logical area for short-term consolidation,” According to BITX technical analyst. “Buyers will want to see a confirmed breakout before chasing higher entries.”
The immediate support is seen at $740–$750, a zone that previously acted as a launchpad for the latest uptrend. A sustained break below this area could expose BNB to a retest of $680, but sentiment currently leans in favor of bulls as long as volume remains elevated.
With institutional participation and broader crypto market stability, traders are watching closely for a decisive move above resistance. A breakout could not only mark a new all-time high but also cement BNB’s position as one of the strongest large-cap performers in the second half of 2025.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.