📉 What happened

$BNB has dropped below US $960, reflecting a roughly 3.83% decrease in the past 24 hours. CoinDesk It is now testing support around the US $970–US $960 zone. CoinDesk

🔍 Why it matters

The$BNB decline comes amid increased selling pressure and a failure to hold the psychological resistance around US $1,000. CoinDesk

Technical setups show warning signs: past analysis pointed to double-top formations and possible breakdowns in momentum. Cointelegraph+1

On-chain and sentiment indicators suggest traders are cautious and may be stepping out of long positions. dapp.expert+1

📌 Key levels to watch

Support: Approx. US $960-US $970. A break below this could increase the risk of further downside.

Resistance: Around US $1,000. A rebound above this level might restore some bullish bias.

Trend risk: If the price closes decisively below support, historical patterns suggest deeper correction potential. Holder+1

✅ What this means for traders/investors

In the short term, caution is warranted. Holding BNB near support may be vulnerable until volatility subsides.

If you’re holding long term, this may simply be a pullback rather than a full reversal — but keeping an eye on whether support holds is important.

For active traders, this setup could present a range-trade scenario: bounce off support or break and target lower levels.