BNB coin down over 3% in the past 24 hours, falling to $850, undercutting key support zones and erasing previous session gains.
The move comes despite a brief technical breakout attempt near $888 and signs of rallying during the overnight open, according to CoinDesk Research’s technical analysis data model.
BNB spent most of the day consolidating between $885 and $888, building a tight range pattern supported by rising lows and increased volume early in the session. A breakout above the $888 technical pivot signaled potential bullish momentum.
But that push didn’t last as trading activity thinned and broader market pressures returned. As the broader crypto market fell, with bitcoin and ether recording 24-hour losses of 2.8% and 3.6% respectively, so did BNB.
The decline appeared technical rather than tied to any BNB-specific negative news.
The drop has seen the broader cryptocurrency market close to $3 trillion in capitalization, while 24-hour trading volume saw a big increase to $115.7 billion, according to CoinGecko data.
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.
