BNB holds fourth-largest crypto spot as price slides and selling pressure builds

BNB maintained its position as the fourth-largest cryptocurrency by market capitalization, excluding stablecoins, even after its value fell by over 2.55% in 24 hours to trade at $837, with a market cap of $115.3 billion, narrowly ahead of XRP. The decline followed a failure to sustain gains above $870, establishing that level as firm resistance. Trading volume spiked during sell-offs, indicating reactive trading behavior rather than confident buying. Technical analysis suggests short-term support around $830; a decisive break below this could lead to a drop toward $709, while resistance must be cleared at $845 for a rebound. Interestingly, despite the sluggish price action, BNB Chain's fundamentals show growth, with daily transactions rising over 35% and active addresses climbing 47% in the third quarter, suggesting network adoption is outpacing current price sentiment.

(Source：CoinDesk)