📰 BNB Defends Key Support Level

$BNB /USDT is consolidating around $886.79 this morning, having recovered from a significant intraday dip to the 24-hour low of $870.18.

Despite the pair showing a 1.61% decline over the past 24 hours, buyers are demonstrating strong demand. The current price is clinging to the $885 level, which is critical support as indicated by the 60-period Moving Average (MA60).

Order book sentiment is slightly bullish, with a 56% bias toward buying, suggesting traders view the current price as a favorable entry point. Holding this $885 support is crucial for BNB to attempt a move back toward yesterday's high of $907.92.