The $BNB /USDT chart on Binance shows notable bearish momentum as the price of Binance Coin (BNB) has dropped to 835.70 USDT, reflecting a 1.03% decline. The token traded within a 24-hour range of 864.00 (high) and 834.50 (low), indicating that the current price is testing near its support zone. The visible candlesticks confirm sharp selling pressure, further emphasized by sudden volume spikes during the downturn, suggesting strong trader activity in response to the decline.
Technical indicators confirm the bearish setup. The price is currently trading below all major moving averages — MA(7) at 848.77, MA(25) at 853.09, and MA(99) at 842.81 — which signals short- to mid-term weakness. The alignment of these averages above the current price often suggests continued downside risk unless a reversal occurs with fresh buying volume. With a 24-hour trading volume of 189,718.62 BNB (161.73M USDT), liquidity remains strong, but market sentiment is leaning toward caution as sellers dominate the trend.
