BNB Price Slips Below $1,100, Faces Further Decline
BNB price has dipped below the critical $1,100 level, erasing recent gains. It’s now at $1,069, down 5% in 24 hours and 13% this week. This mirrors the broader crypto market’s downturn.
Market sentiment is weak due to trade tensions and macroeconomic uncertainties. These factors are dampening investor confidence.
Technical indicators like the RSI and MACD show bearish signs. The RSI is at 35.60, below its 14-day moving average of 44.26. This confirms sellers are in control. The MACD line is also negative, reinforcing the bearish outlook.
With $1,100 breached, BNB price is looking for support at $1,020 and the key $1,000 level. If it fails to hold, a deeper correction could follow.
BNB has been in a descending channel since early October. It tried to rebound toward $1,180 but couldn’t sustain the momentum. The price opened the week above $1,200 but quickly fell to near $1,050.
The $1,050–$1,030 zone is the last visible support before the psychological $1,000 mark. This level could be crucial for buyers and sellers.
For BNB to reverse the trend, it needs to reclaim $1,100 and close above it. The next resistance levels are at $1,150 and $1,200. Until then, the bearish structure remains intact.
