BNB
Why BNB is down 11.0% today
Analysis
BNB fell about 11% over the past 24 hours as technical selling pressure increased after it broke below a long-standing trendline that had held since 2023. AMBCrypto reported the breakdown and highlighted the $675 area as a key level bulls would need to defend, suggesting the move was driven by a bearish shift in market structure and a test of major support.
Contributing Factors (1)
BNB breaks trendline held since 2023 – Can bulls defend $675?
Top wallets stay cautious, while intraday traders build heavy short positions, signaling strong bearish conviction.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.