$BNB $BNB BNB Price Reaction

At the time of writing, BNB is down 2.44% to $0.346 in the last 24 hours due to a market sell-off that resulted in the liquidation of $252 million worth of crypto assets in the same period.

BNB has fallen below the daily 50 SMA at $701 following a loss over the weekend. The price has rallied for three consecutive days this week before falling in today’s session, while BNB remains below its daily 50 SMA.

If the BNB price rises and closes above the daily 50 SMA, the bulls could attempt to push it towards $745. If successful, BNB could rally to $794 and then to $872. Meanwhile, further declines could see BNB test support around $664 or $657.