BNBs 11% Steep Decline

On February 03, 2025, BNB experienced a steep decline, falling 11% for the past 24 hours amid a market-wide sell-off.

BNB price experienced a steep decline of 11% on Sunday evening as a part of a larger market sell-off. Despite kicking off Sunday with minimal slippage and spiking the top price of the day to $662.16, which was confirmed by the Golden Cross on the MACD, BNB price took a sudden downturn and entered a downtrend channel in the midday.

At UTC 21:10, a pin bar followed by a key bar and a full-body green candle signaled a strong descending trend and a breakout of $641.98, which was further confirmed by the death cross on the MACD, indicating a bearish movement.

Chart 2 – Analyzed by Buvaneswari_L, Feb 03, 2025

BNB price further declined by 11% on Sunday evening as a part of a larger market sell-off. Chart 2 illustrates a massive decline in BNB price. Following the presaging day’s breakout, at UTC 00:30, the BNB price fluctuated in the downward channel and breakout and signaled strong selling hours.

This was ensured by the death cross, reasserting the strong decline in MACD. The BNB has shattered down to $500, which acts as a psychological round number and signals an effective upward trend channel. A pin bar followed by a key bar, a full-body green candle at $580, signals a psychological round-number level and a short-time price fall.

However, this resistance and downfall are just temporary drops in the volatile market. In the upcoming bull market, it’s expected that BNB could reach out to its long-term trading opportunities. As the market stumbles, investors are seeking high-potential crypto tokens like Aureal One to hit in the bull market.