BNB Slides Below $1,000 as Selling Pressure Intensifies – 11/11/2025
BNB, the native token of the BNB Chain, dropped below $1,000 over the past 24 hours, hitting a low of $974, signaling a shift into bearish territory.
Trading volume surged nearly 88% above its daily average, highlighting strong selling pressure, according to CoinDesk Research. The token has been on a downward trajectory since peaking near $1,300 earlier this year. Attempts to rebound above $1,000 have failed, with technical patterns like lower highs and a failed double bottom near $975 suggesting further downside.
“Short-term volatility doesn’t undermine BNB’s long-term fundamentals,” said Jake A., analyst at BNB-linked project AIC. “Ongoing infrastructure improvements and new token launchpads continue to drive on-chain utility.”
BNB faces resistance at $1,000–$1,008 and support at $972.85, with $970 as a psychological floor. If breached, $959 could be the next target.
The drop coincides with a broader market decline, as the CoinDesk 20 (CD20) index fell 2.16% over 24 hours.
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