BNB
Why BNB is down 8.3% today
Analysis
BNB fell 8.3% over the past 24 hours as it broke below a long-held uptrend line dating back to 2023, a technical breakdown that can trigger accelerated selling and weaker short-term sentiment. AMBCrypto noted the move and highlighted the $675 area as a key level bulls may need to defend after the trendline break.
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.