BNB is currently trading at $1,096.03, marking a 7.83% decline in the last 24 hours. The drop follows a rejection near the $1,200 resistance zone, leading to short-term bearish pressure. Trading volume has surged to $852.57M, indicating strong market activity during the pullback. The moving averages show a weakening trend, with MA(7) at $1,148.26, MA(25) at $1,201.98, and MA(99) at $1,186.20, all sitting above the current price — a sign that BNB has slipped below key support levels.

From a technical standpoint, if BNB fails to reclaim the $1,150 level soon, further downside toward $1,050 or even $1,000 is possible. However, if buyers step in and push the price back above the short-term MA(7), it could spark a recovery rally. Overall sentiment remains cautious, with traders watching closely for signs of reversal.

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