BNB slipped nearly 3% in the past 24 hours, falling to around $844, as a sharp reversal in bitcoin and further weakness in U.S. tech stocks reverberated through crypto markets.
The token minutes earlier had reached $872, but failed to sustain gains before selling pressure accelerated, according to CoinDesk Research’s technical analysis data model.
This move marks a change from recent consolidation. After several sessions of defending the $855-$857 zone, BNB fell below this support during US trading hours. Prices briefly rebounded towards $860, but sellers quickly regained control, pushing the token to the session low near $843.
This decline was accompanied by high volatility in bitcoin, which briefly exceeded $90,000 before falling back below $86,600. Losses in AI-related stocks such as Nvidia and Broadcom dragged the Nasdaq lower, reinforcing risk aversion among risk assets.
Volume on BNB surged during the outage, with several significant spikes appearing as prices broke through support. The trend suggests forced sales or stop-loss triggers rather than the orderly pullbacks seen earlier in the week.
On the short-term charts, BNB’s structure deteriorated as the break below $855 ended the previous consolidation range. This level now constitutes short-term resistance.
It will be essential to hold above $840 to avoid a deeper move towards $830. A recovery above $855 would be necessary to stabilize the trend and reopen the path towards $870.
BNB’s decline reflects the broader tone in crypto markets, where dwindling liquidity has amplified price swings. For traders, this latest development highlights how quickly conditions can change when macroeconomic pressure collides with weak year-end trading.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial team for accuracy and compliance with our standards. For more information, see CoinDesk’s full AI policy.
