The BNBUSDT Perpetual Futures contract is currently trading at $636.38, down -2.37% over the last 24 hours. The mark price stands at $636.33, closely aligned with the last traded price, indicating market stability in pricing. Over the past 24 hours, Binance Coin (BNB) recorded a high of $660.19 and a low of $634.32, with a trading volume of 560,636.03 BNB, equivalent to approximately $365.05 million USDT.
Technically, the chart shows a strong bearish move, with price dropping below short-term and long-term moving averages: the 7-period MA at $644.64, 25-period MA at $651.64, and 99-period MA at $653.89. This consistent drop below all major MAs signals a clear downtrend. The recent local high of $661.57 marks the peak before this continued sell-off.
The RSI(6) is currently at 15.89, indicating the asset is approaching deep oversold territory. While this suggests a potential for a technical rebound, the ongoing heavy selling momentum implies that further downside could occur if support doesn't hold. Volume data shows a spike during the latest red candles, confirming increased bearish pressure.
In terms of broader performance:
Today: -2.47%
7 Days: +0.65%
30 Days: +9.02%
90 Days: -4.60%
180 Days: +2.18%
1 Year: +12.24%
This performance profile indicates that despite current weakness, BNB has retained positive gains over the medium to long term. However, short-term traders should remain cautious due to the prevailing bearish momentum and technical breakdown below key support levels. A bounce may be possible from oversold conditions, but confirmation is needed before any reversal can be confirmed.
