As of November 12, 2025, the price of BNB (Binance Coin) is approximately $958. It has decreased by about 2.6%-2.7% in the last 24 hours.
Here is a quick overview of its current market status:
Metric Value
Current Price ~ $958
24h Change ~ -2.64% to -2.70%
24h Low / High ~ $956 - $985
Market Cap ~ $132 Billion
📉 Recent Price Decline and Market Context
The drop below the key psychological level of $1,000 is a focal point for analysts. This decline is part of a broader downward trend and is accompanied by increased selling pressure.
· Increased Selling Volume: The trading volume during the decline was significantly higher than the 24-hour average, suggesting large-scale selling.
· On-Chain and Derivatives Data: On-chain data shows a decline in transactions on the BNB Chain, indicating lower network demand. In the derivatives market, a negative funding rate suggests that traders are paying a premium to hold short positions, reflecting a bearish sentiment.
· Key Support and Resistance Levels: Analysts are watching a few key price levels:
· Immediate Support: Around $972**. If this level breaks, the next support to watch is **$959, followed by $932.
· Immediate Resistance: The $1,000 - $1,008 range is now a key hurdle that BNB needs to overcome for a potential recovery.
💡 What to Watch Next
Several factors could influence BNB's price direction in the near term:
· Market Sentiment: The current "Fear" reading in the market (Fear & Greed Index of 26) can contribute to volatility.
· Ecosystem Fundamentals: Despite short-term price action, some analysts point to BNB's underlying infrastructure and utility, such as its role in decentralized applications (dApps) and its auto-burn mechanism, as factors that could support long-term value.
I hope this detailed breakdown is helpful. Would you like a more in-depth look at theanalysis or the fundamental factors driving the BNB ecosystem?$BNB
