BNB
Why BNB is down 10.9% today
Analysis
BNB fell 10.9% over the past 24 hours after breaking below a long-standing trendline that had been intact since 2023, a technical breakdown that likely triggered accelerated selling. AMBCrypto noted the move put focus on whether bulls can defend the $675 area, suggesting the drop was driven by weakening chart structure and key support being tested.
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
Moderate confidence. Multiple factors may be contributing.