According to Coindesk, BNB, the native token of the BNB Chain, fell below $960 in the last 24 hours after encountering resistance near $970. The price briefly reached $970.03 before dropping back, with volume surging during the reversal, indicating large-scale sell orders and liquidations. The token hit a session low of $942.06 before partially recovering. Analysts noted a head-and-shoulders pattern on shorter timeframes, signaling potential downside. BNB is currently rangebound between $942 and $970, with traders showing caution. iMe AI co-founder Alex Boruski stated the break below $970 reflects a shift in order-flow dynamics, with liquidity pockets below $950 suggesting further downward pressure. The broader crypto market also declined, with the CoinDesk 20 (CD20) index falling 1.6%.
BNB Slips Below $960 Amid Technical Resistance and Sell Pressure
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