BNB
Why BNB is down 1.5% today
Analysis
BNB fell about 1.5% over the past 24 hours as technical selling picked up after it broke below a long-standing uptrend line that had been intact since 2023, weakening near-term sentiment. AMBCrypto noted the breakdown and highlighted the $675 area as a key level bulls may need to defend, which likely contributed to the short-term pullback.
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.