BNB Slips 2.7% As Traders Focus on Technicals During Crypto Market Drawdown
CoinDesk
BNB dropped 2.7% to $1,105 as traders prioritized technical selling signals amid a broader crypto market decline.Summary
BNB's price fell 2.7% to $1,105 over the preceding 24 hours, occurring as the broader crypto market, measured by the CoinDesk 20 index, dropped 1.8%. This decline followed the fading impact of BNB Chain's largest-ever quarterly token burn, which reduced supply by 1.44 million BNB. Traders focused heavily on technical cues, causing prices to cascade lower after the $1,128 support level failed, briefly hitting an intraday low of $1,076 on surging volume. Rebound attempts stalled near $1,110, reinforcing a bearish structure, and technical analysis suggests $1,076 is the next major support level unless the price convincingly breaks above $1,128.
(Source：CoinDesk)