Crypto
BNB Fails to Clear $800 Hurdle, Buyers Must Defend Rally
BNB's recent rally was halted when it touched $799.67, just short of the $800 price level.
The rejection has shifted attention to whether buyers can defend the progress made so far.
After a brief climb towards the $800 level, BNB fell by about 0.8%, indicating some holders took profits as it approached the round-number barrier.
The $800 level now appears to be the obstacle that buyers will face before the move can be seen as confirmed.
A look at the wider picture shows some encouragement, with the BNB price still above recent trend lines and a high accumulation measure indicating more buying than selling during the rally.