The crypto market is undergoing another phase of correction as BNB slips below the critical $880 level, currently trading at $879.76—a 3.2% drop in 24 hours. The decline reflects growing investor caution, with rising trading volume indicating intensified market volatility and stronger selling pressure.
Technical Outlook: Key Support Under Pressure
On the daily chart, BNB shows bearish momentum with a confirmed MACD bearish crossover and RSI trending into neutral-lower territory. Failure to stabilize above $875 could open the door to a test of the $860 support zone.
- Immediate resistance: $890, $900
- Major support levels: $875, $860
- 24h trading volume up 18%, signaling strong short-term bearish sentiment
Strategic Recommendations for Traders
In this high-volatility environment, traders are advised to manage exposure, avoid emotional decisions, and consider staggered entry points with strict stop-loss orders. Stay alert to macro developments and ecosystem updates that may influence price action.