#BNB_Market_Update

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🔹 Price Drop & Behavior

BNB is trading around $741, down roughly 3.6% on the day. The intraday high was $769, and the low around $731—reflecting a sharp sell-off .

YCharts confirms a –2.62% decline from yesterday’s $756.46 to $736.66 on August 3, suggesting persistent downward momentum .

🔹 Sentiment & Technical Signals

The Fear & Greed Index for BNB is in the "Fear" category, with short‑term frames even showing Extreme Fear—commonly indicative of strong selling pressure .

Technical analysis highlights a reversal from a resistance zone between $850–$859, with a Shooting Star candle pattern forming—a classic bearish signal forecasting a potential decline toward $740 support .

Morpher AI projects a potential intraday decline of around 5.3%, further signaling bearish momentum on August 1, 2025 .

🔹 Resistance & Support Zones

Recent technical levels suggest strong resistance around $850–$859 (all-time highs) and failure to push above now limits upside.

The next meaningful support lies near $740, with further downside risk down to ~$579–$597 if retest of lower bearish zones plays out, according to short-term chart studies .