Binance Coin (BNB) Tests Key Support After 34% Drop

Binance Coin (BNB) is facing a crucial test at the $907 level after plummeting 34% from its all-time high of $1,370 reached in October. This steep decline has pushed BNB’s price towards key technical support levels, with market sentiment remaining deeply negative across the cryptocurrency sector. Analysts attribute this retracement to rising DeFi activity and increased institutional investment. 8-figure trading volumes continue to drive BNB prices, exceeding $2.7 billion over the past 24 hours.