Binance Coin (BNB) has experienced a significant price drop, falling over 10% from its recent peak of $1,300. This decline raises concerns about the currency’s future momentum following an extended rally since July. The current market volatility is attributed to several factors, including potential shifts in investor sentiment and broader cryptocurrency trends. Analyzing RSI readings reveals the possibility of a correction or stabilization in the coming days. 5-day RSI analysis shows that BNB has entered overbought territory at 81 points, dropping to 71, reminiscent of previous corrections that led to substantial price drops. Notably, market expert Saint’s social media commentary highlights this trend across various timeframes. This suggests a possible impending correction or stabilization.