$BNB BNB Recovery Up to $780 After Windtree's $520 Million Purchase Commitment Shows Signs of Stability

BNB has increased by about 0.6% in the past 24 hours, recovering from a recent decline and is currently trading near $780. At its peak, the token reached $785.75, bouncing back from a low of $761.22 during a period of high trading volume.

The majority of the volume was concentrated during the sharp correction when BNB fell from $774.52 to $761.34 with a volume double the daily average, according to CoinDesk Research's technical analysis model.

However, that pullback did not last long.

The price of BNB has recovered in a V-shape, ending near the peak and significantly above the key support area of $761. This recovery occurred after Windtree Therapeutics committed $520 million to the BNB corporate reserve fund as planned.