BNB Token Drops 2.15% Amid Market Volatility and Bearish Signals Despite $1.61B Trading Surge

BNB/USDT has experienced a 2.15% price decrease over the past 24 hours, with the current price at $617.77 and a 24-hour opening price of $631.34. This decline is primarily attributed to broader market volatility driven by macroeconomic factors such as rising U.S. national debt and ongoing geopolitical tensions in the Middle East, which have increased overall risk-off sentiment across crypto markets. Additionally, technical indicators show a bearish trend, with an RSI of 35.40 and a bearish MACD crossover, reflecting intensified selling pressure and low buying momentum. Trading volume remains high at $1.61 billion, and market capitalization stands at $89.03 billion, indicating active market participation despite the downward movement. BNB continues to be closely monitored for potential reversals, but short-term sentiment remains bearish as sellers dominate recent sessions.