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BNB Drops Below $950 as Market Sell-Off Deepens, Privacy Coins Surge
Yahoo Finance·2025-11-04 23:37

BNB slid 7.8% in the past 24 hours, dropping to 940andbreachingseveralmajorsupportlevelsintheprocess.Themovefollowedawaveofsalesordersthatbeganafterthetokenfailedtobreakresistanceat940 and breaching several major support levels in the process. The move followed a wave of sales orders that began after the token failed to break resistance at 1,020. A spike in trading volume, 72% above the weekly average according to CoinDesk Research's technical analysis data model, suggests the sell-off was driven by larger holders offloading positions. The native token of the BNB Chain had held steady above $1,000 in recent weeks, a level seen by tr ...