BNB Swings 4% in 24 Hours, Testing $800 Resistance

Key Points

1. BNB's price fluctuated between $793 and $827, a 4% swing, with initial rally peaking at $827 and over 146,000 tokens traded in one hour.

2. Trading remained choppy, with resistance near $800 and support at $794, reinforced by heavy buying during the morning.

3. CEA Industries became the largest corporate holder of BNB after a $160 million purchase, pushing BNB's market cap to nearly $112 billion.

4. Short-term resistance is near $800.50; a breakout could re-test $811.22, while a breakdown below $794 risks further downside toward $780.

5. Volume profile shows key liquidity zones: 146,403 units traded at resistance and 114,685 units at support.