BNB Slides 2.7% with Traders Turning to Technical Signals in Market Retreat

Analytical/Research Tone

BNB Under Pressure Despite Record Burn as Technicals Drive Market Moves

BNB’s price dropped 2.7% to $1,105 in the past day, giving up recent gains despite the network’s largest-ever token burn valued at $1.6 billion.

The burn removed 1.44 million BNB, trimming the total supply to 137.7 million tokens, but failed to inspire sustained buying. According to CoinDesk Research, BNB’s decline coincided with a 1.8% drop in the CoinDesk 20 Index, underscoring market-wide risk aversion.

Once $1,128 support broke, volume surged threefold to 308,000 tokens traded per hour, driving prices as low as $1,076. The pattern of lower highs capped near $1,110 reinforces a short-term bearish bias.

Analysts highlight $1,076 as the next major support area, with momentum likely to stay negative unless $1,128 is convincingly reclaimed.