BNB Slides to New Lows: Is the Selling Pressure Continuing?

BNB has dipped below the key resistance level, now trading at $835.80 USDT with a 24-hour decline of 0.90%. The recent price movement signals moderate selling pressure in the market, prompting traders to reassess their positions.

Current Market Performance

The latest market data shows that the 1.33% benchmark remains an important reference point for technical analysis. With BNB’s current 0.90% pullback over the past day, investors are watching closely to see whether the decline will stabilize or continue further. The price action around these support levels could determine the next directional move.

What This Means for Traders

A break below the 860 USDT zone suggests that some profit-taking is occurring. However, the relatively modest 24-hour decline indicates that panic selling has not yet taken hold. Traders are advised to monitor whether BNB can hold above current levels or if deeper corrections are likely in the near term.

The interplay between buying support and selling pressure at these price points will be crucial in determining whether BNB finds a bottom or extends its downside move further.