On-chain data shows that BNB has been under continuous pressure in the past 24 hours, with the latest trading price dropping to around 830.90 USDT, a 1.53% decrease from the previous day. Previously, multiple platforms in the crypto space had tested the support level at around 880 USD (approximately 880 JPY), but now it has further weakened.
From the market reaction, this wave of decline in BNB is not an isolated phenomenon. The overall market has experienced significant volatility recently, and mainstream cryptocurrencies are all under pressure. Many traders are observing whether BNB can hold steady at the current price level and whether it will test lower support zones.
For short-term traders, the $880 level was an important psychological threshold. Falling below this mark now indicates that market sentiment still requires observation. The future trend will depend on the overall market recovery.
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BNB weakens again, with the latest trading price dropping to the $830 level
On-chain data shows that BNB has been under continuous pressure in the past 24 hours, with the latest trading price dropping to around 830.90 USDT, a 1.53% decrease from the previous day. Previously, multiple platforms in the crypto space had tested the support level at around 880 USD (approximately 880 JPY), but now it has further weakened.
From the market reaction, this wave of decline in BNB is not an isolated phenomenon. The overall market has experienced significant volatility recently, and mainstream cryptocurrencies are all under pressure. Many traders are observing whether BNB can hold steady at the current price level and whether it will test lower support zones.
For short-term traders, the $880 level was an important psychological threshold. Falling below this mark now indicates that market sentiment still requires observation. The future trend will depend on the overall market recovery.
#BNB #USDT