BNB Slips Below $960 as Traders Brace for More Downside Over Technical Headwinds

The native token of the BNB Chain, BNB BNB$964.06, slipped below $960 in the last 24 hours, giving up gains after running into resistance just above $970.

The token’s price briefly climbed to a high of $970.03 dropping back. Volume jumped sharply during the reversal, suggesting large-scale sell orders triggered a cascade of liquidations, according to CoinDesk Research’s technical analysis data model. The price fell to a session low of $942.06 before recovering.

The shift in momentum left the token rangebound, with buyers attempting to stabilize BNB around the $950–$960 zone. The token held near the lower end of its intraday range, signaling continued caution among traders.

“BNB’s break below $970 is not so much about its volatility, but more about a shift in order-flow dynamics,” Alex Boruski, co-founder of BNB-linked project iMe AI, told CoinDesk in an emailed statement. “With liquidity pockets sitting below $950, the path of least resistance remains to the downside.”

BNB is caught between a clear resistance level near $970 and short-term support near $942. Boruski highlighted the formation of a head-and-shoulders pattern on shorter timeframes, a setup often viewed as a sign of potential downside ahead.

Other analysts on social media pointed to similar patterns, conveying short-term bearish pressure affecting the cryptocurrency.

Whether BNB can reclaim ground above $970 or breaks lower toward support levels around $900 may shape its next major move. For now, the decline is in line with the broader crypto market. The CoinDesk 20 (CD20) index fell 1.6% over the period.

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