Is BNB in Danger? Bearish Chart Patterns Signal Major Price Drop

BNB is facing downward pressure, with a 2% drop after hitting its all-time high of $900. A bearish pattern on the daily chart and waning trading activity suggest a potential price test. The $800-$820 zone holds as key support, but a fall below may trigger further selling. 50-day moving average remains above, offering some positive insight. Traders have reduced exposure, with futures open interest dropping to $1.48 billion. B Strategy’s new $1 billion BNB treasury fund and promise of stricter governance aim to address concerns following the Windtree Therapeutics delisting.