BNB price is around $850 after losing more than 1.5% of its value in the last 24 hours.
The token has fallen from a recent high near the $870 level, and comes alongside bitcoin’s drop from over $90,000 to the $87,000 area on Tuesday morning.
The price action reflected that caution. After a brief boost above $860 due to previous heavy volume, selling pressure returned and capped gains. However, the broader market is also affected, with the broader CoinDesk 20 index (CD20) losing 2.5% of its value in the last 24 hours.
The volume spikes pointed to defensive positioning rather than new risk-taking, according to CoinDesk Research’s technical analysis data model.
Not all signs were negative as adoption continued to grow. Leading prediction market Kalshi added deposits and withdrawals for BNB and stablecoins on the BNB chain.
For now, traders see consolidation between $850 and $870. A clear break above that range could reopen expectations of a move towards $900 later this year, while a drop below $820 would suggest deeper losses.
Disclaimer: Portions of this article were generated with the help of artificial intelligence tools and were reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s full AI Policy.
