Binance Coin (BNB) Plunges 34%, Raising Questions About Potential Rebound

Binance Coin (BNB) has experienced a significant decline, falling around 34% from its mid-October peak of roughly $1,370. The cryptocurrency now trades near the $900 level after breaking below the psychologically significant $1,000 mark. This sharp drop has sparked debate among technical analysts about whether it presents an opportunity for buyers or signals further deterioration. While some traders see potential reversals, others remain cautious due to lingering weakness in momentum indicators despite the recent price action.