Is BNB Price Going to Crash Again After a 12% Drop From All-time Highs?
BNB has dropped 10% in the last 24 hours and is down 13% from its $1,300 all-time high, signaling broader risk-off sentiment in the crypto market. The token faces "overbought" risks, with its weekly RSI recently reaching 81 and currently at 71, levels historically followed by significant pullbacks. Analysts anticipate a potential price correction toward $1,000, with the possibility of further decline to the $730-$860 range, where key moving averages offer support. A double-top pattern and bearish RSI divergence increase the likelihood of a short-term pullback. Despite these risks, higher time frame trends remain bullish, suggesting potential for BNB to achieve new highs, possibly reaching $2,000–$2,100 if key resistance levels are surpassed. Several analysts cite strong network activity and Binance’s recent compensations as supportive factors. The outlook remains mixed: short-term correction is likely, but longer-term bullish momentum persists if the token holds above current support levels.
