BNB Slides 4.3% as Post-Rally Pullback Tests Critical Support Zone
Price Nears $744–$753 Support After All-Time High, Traders Weigh Next Move
BNB is facing a sharp correction following its recent all-time high, falling 4.3% over the past 24 hours from $808 to $764. The drop brings the token into a key support zone between $744 and $753, a range traders are now closely watching for signs of either stabilization or further downside.
The selloff, which followed BNB’s rally to $804 on July 23, was accompanied by high trading volume—an indication of elevated market activity and possible repositioning. BNB briefly touched a low of $744.56 before rebounding to $759.35, though the bounce was limited. Lower highs continue to form, pointing to sustained bearish pressure, according to CoinDesk Research’s technical models.
Market Underperformance, But Institutional Support Remains
BNB’s losses outpaced the broader market, with the CoinDesk 20 Index falling 3.6% over the same period. This underperformance highlights specific selling pressure in BNB despite recent institutional interest.
Earlier this week, Nasdaq-listed Nano Labs acquired $90 million in BNB, and other entities—such as Build & Build Corp. and WindTree—have also increased their exposure. Binance founder Changpeng Zhao responded to the recent volatility with a message of support for the ecosystem, though without addressing the price movement directly.
Altcoin Rotation and Technical Risk
Analysts view the decline as part of a broader trend of profit-taking across altcoins, especially after strong rallies like BNB’s. With BNB Chain undergoing continued development and altcoin volumes rising, capital appears to be rotating within the ecosystem.
The key question now is whether BNB can hold the $744–$753 zone. A breakdown below this level could open the door to steeper declines, while a successful defense might reset the base for another leg higher.
Outlook
BNB remains in a vulnerable position as traders await confirmation of support strength. Until then, the trend remains cautious, with the market watching closely to see whether bulls can regain control—or if the correction deepens.
