Details of the decline
Current status: BNB fell below 850 USDT, trading near 848.63 USDT, despite registering a rise of +1.71% in the last 24 hours
Previous information indicates that this drop was approximately -0.63%, registering the same price level
Main causes and technical context
1. Tension between impulse and technical resistance
After reaching an all-time high (~$866), BNB tentatively lost support below $850, retreating despite the positive market environment
Experts indicate that if BNB surpasses $850, it could rise towards $950–$1000. However, the RSI is in overbought territory (above 70), suggesting caution in the short term, although the MACD remains in a bullish signal
2. Key supports at lower levels
Technicians identify important support levels: $800 and $730 as inflection ranges. A further drop could bring the price to these zones, or even lower near $700 if selling pressure persists
3. General context of the crypto market
The drop of BNB is part of a broader correction in the market. Other altcoins also experienced declines of between 3% and 4%
The correction of BNB below $850 USDT reflects a technical consolidation after a strong rally. The momentum remains present, although the current overheating (high RSI) suggests there could be adjustments before a new advance. Staying above $850 will be key to validating a rebound towards $900 and possibly $1,000 in the short term.