BNB Coin (BNB $854.44) fell over 3% in the past 24 hours to $850, breaking key support levels and erasing earlier gains. The decline appears technical rather than driven by BNB-specific news and coincided with a broader crypto market pullback.
The token had attempted a breakout near $888, supported by rising lows and increased early-session volume, according to CoinDesk Research’s technical analysis model. BNB had been consolidating in a narrow range between $885 and $888, signaling potential bullish momentum.
However, the breakout failed to sustain as market activity slowed and broader pressure returned. Bitcoin and Ether fell 2.8% and 3.6% over 24 hours, respectively, pulling BNB lower.
The broader cryptocurrency market is now approaching a $3 trillion capitalization, with 24-hour trading volume spiking to $115.7 billion, according to CoinGecko.
