Binance Coin (BNB) Experiences Correction After 129% YTD Rally

After a remarkable surge of over 129% year-to-date, Binance Coin (BNB) is experiencing a correction, falling below $1,200. Data from CoinMarketCap reveals a 7.5% drop in the last 24 hours, reaching $1,193 with a market cap of $166 billion. This decline follows weeks of aggressive price movements, with technical indicators and market positioning indicating potential for a short-term peak.