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BNB Price Falls Below Technical Support as Market Awaits FOMC Clues Amid Geopolitical Tension

The drop comes amid growing unease surrounding the conflict between Iran and Israel and Trump's convening of the National Security Council.

As geopolitical tensions increased, BNB, the native token of the BNB Chain, dropped 1.7% in the last day, trading between $659 and $646. Following the escalation of the conflict between Israel and Iran and the call by former U.S. President Donald Trump for the National Security Council to meet in the situation room, market anxiety increased. With over ~$100 billion in decentralised exchange (DEX) volume processed in the last month, BNB Chain's fundamentals are still strong despite the short-term volatility. Technically speaking, BNB is consolidating with a bearish bias just below important resistance. The token is currently trading just below the $647 level, which has emerged as a crucial support zone and indicates cautious sentiment.