BNB Token Faces 2.94% Price Drop as Traders Eye $800 Support Amid High Volume

BNBUSDT experienced a 2.94% price decrease over the past 24 hours, closing at $822.68 after opening at $847.58. This decline is primarily attributed to profit-taking and market exhaustion following BNB's recent all-time high, as well as repeated rejections at key resistance levels around $813–$820. Reports of waning investor interest and declining trade volume have contributed to cautious sentiment, with traders closely monitoring the $800 support level for further downside risk. Despite the volatility, BNB maintains robust trading activity with a 24-hour volume exceeding $4 billion and a market capitalization near $115–$118 billion, reflecting its continued position among the top cryptocurrencies.