The price of BNB has fallen by -1.19% in the last 24 hours, breaking the psychological threshold of $640, and is currently trading at $637.90. This pullback comes after a daily high of $646.42 and a low of $636.05, according to data from Binance. The crossing of short moving averages with the EMA(99) in the $644.94 area could be generating technical selling pressure.
The 24h volume reaches 121,299 BNB, representing a significant movement from institutional and retail hands. Meanwhile, selling pressure dominates the order book with 79.42% against only 20.58% of active demand.
Does this mean a real break of the medium-term bullish channel or just a cleaning of leverage before the rebound?
Technically, the dynamic support at $636 could act as a defense zone for intraday traders.
The 10-day moving average still indicates accumulation, and the RSI remains in neutral territory. The increasing volume in bearish candles suggests that the market may be purging positions before a reversal move.
Strategic technical conclusion:
BNB continues to be one of the strongest assets in the ecosystem, with fundamentals directly linked to Binance Chain, Binance Smart Chain, and its utility in the world's most important centralized exchange. However, traders should monitor the $635-$630 area to confirm whether it is an accumulation zone or if we will see a deeper drop towards $620.
