$BNB 📉 What’s Behind the Drop?

1. Profit Taking After All-Time High

BNB climbed to a record ~$804.70 on July 23, fueled by strong momentum and institutional interest . After such a surge, it's common for early buyers to secure profits, triggering a pullback.

2. Technical Resistance & Consolidation

Analysts point to short-term resistance around $808–809. BNB may be entering a consolidation phase, hovering between $740–$770 .

3. Market-Wide Correction

The broader crypto market also cooled slightly after Bitcoin's sharp rise to ~$120k. This typically affects altcoins like BNB .

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🧭 What Experts Say

Changelly notes BNB is down ~3.5%, trading near $661–$764, indicating uncertainty despite recent bullish tonality .

U.Today suggests BNB might linger sideways until energy builds for another move beyond $800 .