If momentum holds, BNB has potential for upside toward the $1,230-$1,300 range, with the $950 level emerging as a key psychological barrier.
Nov 5, 2025, 3:15 p.m.
BNB Chain’s native token, BNB, held steady above $950 after dropping 0.6% in 24 hours. The token last traded at $952, showing resilience in the face of wider market volatility; the CoinDesk 20 (CD20) index fell 1.6% in the same period.
After opening at $957.70, BNB dipped to a low of $891.84 before recovering. Buyers stepped in at the $940 support level, an area that had been tested repeatedly during recent price swings according to CoinDesk Research’s technical analysis data model.
The recovery suggests traders are selectively accumulating BNB while much of the crypto market remains flat or under pressure.
Trading volume over the past 24 hours stood at $14.06 million, about 86% of the weekly average, pointing to consistent interest without signs of speculative excess.
The price has now cleared the $944 resistance zone, with $950 emerging as a key psychological level for the next leg higher.
Behind the price action are structural factors. Regular quarterly token burns and expanding use within the BNB Chain ecosystem continue to support investor confidence.
About 67% of BNB’s supply is held by public investors, with less than 1% controlled by insiders, reducing the risk of sudden large sell-offs. That’s according to a recent report from Binance co-founder Changpeng Zhao’s family office, YZi Labs.
If momentum holds, there’s potential for upside toward the $1,230–$1,300 range.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
More For You
Inside Zcash: Encrypted Money at Planetary Scale
A deep dive into Zcash’s zero-knowledge architecture, shielded transaction growth, and its path to becoming encrypted Bitcoin at scale.
What to know:
In 2025, Zcash evolved from niche privacy tech into a functioning encrypted-money network:
- Shielded adoption surged, with 20–25% of circulating ZEC now held in encrypted addresses and 30% of transactions involving the shielded pool.
- The Zashi wallet made shielded transfers the default, pushing privacy from optional to standard practice.
- Project Tachyon, led by Sean Bowe, aims to boost throughput to thousands of private transactions per second.
- Zcash surpassed Monero in market share, becoming the largest privacy-focused cryptocurrency by capitalization.
More For You
Galaxy’s Research Chief Capitulates on Bullish Bitcoin Call After Tuesday’s Plunge
Bitcoin was managing a modest bounce early Wednesday following yesterday’s tumble below $100,000.
What to know:
- Galaxy Digital research chief Alex Thorn cut his year-end price target for bitcoin to $120,000 from $185,000 following yesterday’s plunge below $100,000.
- At least two other analysts were a bit more constructive following the big decline.
- Bitcoin was managing a modest bounce Wedneday, re-taking the $103,000 level.
