BNB
Why BNB is down 2.3% in the last hour
Analysis
BNB fell 2.3% over the past hour as traders reacted to a technical breakdown highlighted by AMBCrypto, which reported that BNB broke a trendline that had been held since 2023. The same analysis pointed to $675 as a key near-term support level, and the drop likely reflects increased selling pressure and caution after that 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.