BNB draws extra attention both in Abu Dhabi and on the charts near a key support zone. As BNB Chain launches a Local Hack with YZi Labs, the token holds a bullish divergence just above a major demand area.
BNB Chain Kicks Off “Local Hack” in Abu Dhabi with YZi Labs
The BNB Chain announced on November 17, 2025, that it will hold a “Local Hack” in Abu Dhabi in partnership with YZi Labs. The event will span onsite dates of December 5–6, with an online pre-hack phase from November 24–27.
During the pre-hack phase, developers can join live sessions covering build tracks, rules and tooling offered by BNB Chain. The onsite hackathon will feature face-to-face team building, live panels, mentoring and final demos.
Participants will compete across eight innovation tracks including trading, real-world asset (RWA) tokenisation, AI, DeSci, payments, wallets and a “Regional Impact” track tailored to UAE market needs. The event offers US $160 000 in prizes and ecosystem support.
BNB Chain said the Abu Dhabi hackathon forms part of its “Local Hack Series,” aimed at expanding its developer community in the MENA region.
The announcement emphasises that the hackathon isn’t just a weekend sprint: teams are encouraged to prepare early via provided developer toolkits, reference code and ecosystem resources.
Developers seeking to apply must register ahead of the onsite event. The announcement also invites regional universities, incubators and developer networks to partner with BNB Chain for future Local Hack events.
BNB Tests Demand Zone as Bullish Divergence Builds
Meanwhile, BNB continues to defend the demand zone around $900–$925 on the 4-hour chart, where buyers repeatedly step in. The price trades sideways just above this area while the descending trendline from early November still caps every bounce. This keeps the market in a short-term compression between horizontal support and falling trendline resistance.
BNB Trendline Compression. Source: Cryptorphic
At the same time, the RSI forms a sequence of higher lows even as price moves flat near the floor. That structure creates a classic bullish divergence, which often signals that selling pressure is losing strength compared with previous visits to the same price band. As momentum improves under the surface, the focus shifts to whether candles can close above the trendline drawn from the recent swing highs.
If BNB breaks that line with follow-through, the chart would confirm a shift toward bullish momentum and open room for a recovery toward the prior consolidation area above the current range. However, a clean breakdown below roughly $880 would invalidate this constructive setup and show that the demand zone failed, putting lower supports back in play.
