Why is BNB Down Today? Price Slips Below $960 as Traders Brace for Further Declines
CoinDesk
BNB dropped below $960 due to technical headwinds, with analysts spotting a bearish head-and-shoulders pattern suggesting further downside.Summary
The native token of the BNB Chain, BNB, fell below $960 after hitting resistance near $970, accompanied by a sharp increase in volume suggesting large sell orders. The price is currently rangebound between $950 and $960, but analysts, including Alex Boruski of iMe AI, point to a developing head-and-shoulders pattern on shorter timeframes, which signals potential downside risk toward support levels near $900. The decline aligns with the broader crypto market, as the CoinDesk 20 (CD20) index also fell.
(Source：CoinDesk)