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BNB dips toward $950 as broader crypto pullback deepens
BNB, Binance Coin's native token, has retreated to around $950 as risk-off sentiment grips the cryptocurrency market. The token fell roughly 8.6% in the last 24 hours and is down about 12.5% for the week, reflecting accelerating selling pressure that has pushed several major digital assets toward monthly lows.
BNB price chart
Recent price action and volatility
BNB briefly touched a low near $947 during the current session while the intraday high reached $1,002, underscoring elevated volatility. The move below the $1,000 handle comes after a period of range-bound trading since mid-October, when the coin had repeatedly held above roughly $1,050. That level served as an important floor for weeks, but intensified selling ultimately pierced it.
The drop in BNB coincides with weakness across major cryptocurrencies: Bitcoin has slid under the $105,000 mark and Ethereum has fallen toward $3,500. Other large-cap altcoins, including Solana and XRP, are also under pressure and approaching the lows seen during October’s correction.
BNB price chart
Technical levels: moving averages and support
Technically, BNB has slipped below both its 25-day and 50-day moving averages, shifting attention to the 100-day moving average as the next key support near $940. Since July the coin consistently used shorter-term averages, particularly the 25-day MA, as dynamic support and until recently displayed a bullish moving-average alignment.
When BNB lost the 25-day average in mid-October it found temporary stability at the 50-day MA, signaling a loss of upside momentum but not a total breakdown. The latest leg lower, however, removed that buffer and puts the 100-day average in focus. If buyers step in around $940, a rebound could be possible. But if market-wide selling continues, BNB faces a real risk of slipping below $900 in the coming days.
What traders and investors should watch
Key indicators for BNB’s near-term outlook include whether it can reclaim the $1,000 threshold and hold above the 50-day MA on renewed buying. Correlation with Bitcoin and Ethereum will also be critical — a recovery in BTC or ETH could help stabilize BNB, while extended weakness in the majors would likely drag altcoins lower.
Volume, on-chain metrics from Binance Smart Chain activity, and macro drivers such as interest-rate expectations and crypto-specific news events will determine whether this pullback is a deeper correction or a buying opportunity for long-term holders. Traders should monitor support at the 100-day MA near $940 and the psychological $900 mark for signs of capitulation or consolidation.
Overall, BNB still shows pockets of relative strength versus several peers, but the broken short-term moving averages and heightened market volatility make cautious position sizing and risk management advisable for both traders and investors.
Source: crypto
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