BNB fell nearly 3% over the past 24 hours, falling to around $844, as a sharp reversal in bitcoin and renewed weakness in US tech stocks rippled through crypto markets.
The token minutes earlier had risen to $872, but failed to hold gains until selling pressure accelerated, according to CoinDesk Research’s technical analysis data model.
The move marked a shift from recent consolidation. After several sessions defending the $855-$857 area, BNB broke below this support in US trading hours. Prices briefly rose towards $860, but sellers quickly regained control, pushing the token to session lows near $843.
The drop played out alongside major volatility in bitcoin, which briefly surged above $90,000 before falling back below $86,600. Losses in AI-related stocks such as Nvidia and Broadcom dragged the Nasdaq lower, reinforcing risk-off sentiment across risk assets.
Volume on BNB increased during the crash, with several large spikes emerging as prices broke through support. The pattern suggests forced selling or stop-loss triggers rather than the orderly pullbacks seen earlier this week.
On short-term charts, BNB’s structure worsened as the break below $855 ended the previous consolidation range. That level now acts as resistance in the short term.
Holding above $840 will be crucial to avoid a deeper move towards $830. A recovery back above $855 would be needed to stabilize the trend and reopen a path towards $870.
BNB’s slide reflects the broader tone of crypto markets, where declining liquidity has amplified price volatility. For traders, the latest move underscores how quickly conditions can change when macro pressures collide with thin year-end trading.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial staff to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI policy.
