BNB fell almost 3% in the last 24 hours, falling to around $844 as a sharp reversal in bitcoin and renewed weakness in US tech stocks spread across crypto markets.
Minutes earlier, the token had risen to $872 but failed to sustain the gains before selling pressure accelerated, according to CoinDesk Research’s technical analysis data model.
The move marked a change from recent consolidation. After several sessions of defending the area between $855 and $857, BNB broke below that support during US trading hours. Prices briefly bounced towards $860, but sellers quickly regained control, pushing the token to session lows near $843.
The drop developed alongside strong volatility in bitcoin, which briefly rose above $90,000 before falling back below $86,600. Losses in AI-linked stocks such as Nvidia and Broadcom dragged the Nasdaq lower, reinforcing risk-off sentiment across risk assets.
BNB volume increased during the crisis, with several major spikes appearing as prices escaped support. The pattern suggests forced selling or stop-loss triggers rather than the orderly pullbacks seen earlier in the week.
On short-term charts, BNB’s structure deteriorated as the break below $855 ended the previous consolidation range. That level now acts as short-term resistance.
Staying above $840 will be critical to avoid a deeper move towards $830. A recovery above $855 would be needed to stabilize the trend and reopen a path towards $870.
BNB’s decline reflects the broader tone in cryptocurrency markets, where reduced liquidity has amplified price swings. For traders, the latest move underscores how quickly conditions can change when macro pressure collides with thin year-end trading.
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.
