BNB Rebounds Above $860 After Testing Key Support

Core Insights - The native token of the BNB Chain, BNB, experienced a 1.88% increase to $863 after previously dropping to a low of $833, indicating a recovery following a significant decline earlier in the month [1] - BNB peaked above $866 in the last 24 hours, overcoming multiple resistance zones that had formed after previous failed attempts, suggesting a potential for further upward movement [2] - The recovery of BNB could indicate short-term stability, although the low trading volume may limit the sustainability of this upward trend [3] Market Performance - BNB has underperformed compared to the broader crypto market, with the CoinDesk 20 (CD20) index rising by 4% in the same 24-hour period [4]