BNB Faces Volatility: Is a Correction Imminent?

Binance Coin (BNB), the native cryptocurrency of the Binance exchange, has experienced significant price fluctuations in recent days. After hitting an all-time high above $1,300 on Monday, it has dropped by 10% over the past 24 hours, raising questions about whether this rally will continue. This decline comes amidst a broader downturn in the cryptocurrency market, impacting other digital assets as well. The recent price movement has drawn attention to BNB’s relative strength, with its RSI hovering at an overbought level on technical indicators.