BNB Drops Below 650 USDT with a Narrowed 2.04% Increase in 24 Hours
The headline “BNB Drops Below 650 USDT with a Narrowed 2.04% Increase in 24 Hours” seems contradictory at first glance. Here's a quick breakdown of what it likely means:
"BNB Drops Below 650 USDT": Binance Coin (BNB) has fallen in price to below $650.
"with a Narrowed 2.04% Increase in 24 Hours": Despite the drop below $650, the coin still recorded a 2.04% increase over the past 24 hours—implying it was lower than this even earlier, then rebounded slightly but hasn’t regained the $650 mark.
This suggests short-term volatility, where BNB temporarily rallied but hasn’t yet fully recovered a key resistance level (in this case, $650). Traders may see this as a signal of weakening momentum or an opportunity depending on the broader trend.