BNB
Why BNB is down 1.1% in the last hour
Analysis
BNB fell about 1.1% over the past hour as traders reacted to a technical breakdown, with BNB reportedly breaking a long-held trendline dating back to 2023 and shifting near-term momentum bearish. AMBCrypto highlighted the move and framed $675 as a key level bulls may need to defend, which likely added to short-term selling pressure.
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.