BNB
Why BNB is down 1.6% today
Analysis
BNB fell 1.6% over the past 24 hours as technical selling pressure increased after it broke below a trendline that had held since 2023, weakening near-term momentum. AMBCrypto noted the breakdown and highlighted the $675 area as a key level bulls may need to defend, which likely contributed to cautious positioning and the 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.