Binance Coin (BNB) faced a sharp sell-off this week, declining approximately 5% as broader market caution driven by geopolitical tensions and regulatory concerns weighed on the cryptocurrency. According to data from Coingeko, BNB was trading near $886, holding steady on Thursday but still down 4–5% over the past week. The coin's market capitalization stood near $121 billion, maintaining its position as the fourth-largest crypto asset, while its 24-hour spot volume hovered around $1.9 billion.
Data from SoSoValue indicated that centralized-exchange tokens led the market lower earlier in the week. BNB fell about 5.4% in a single 24-hour period, marking one of its sharpest declines this month. CoinGlass data showed open interest near $1.36 billion, with about $740 million traded in futures over the past day compared to roughly $113 million in spot activity. Open interest dropped more than 5% in a day as the sell-off accelerated, with long positions worth over $5 million being liquidated.
The pressure on BNB coincided with a risk-off shift in broader markets. Former U.S. President Donald Trump's threat to impose tariffs of 10–25% on eight European allies over Greenland rattled risk assets, pushing Bitcoin below $90,000 and dragging major altcoins, including BNB, down by about 3% earlier in the week.
Technically, BNB appears trapped in a fragile range. The four-hour chart shows the coin trading near $890, unable to build momentum despite several recovery attempts since late November. A death cross has formed recently, with the short-term moving average slipping below the long-term one, breaking the earlier uptrend. Resistance remains firm in the $908–$915 zone, which sellers have defended multiple times, while support sits between $880 and $886. A break below this support band could see BNB test the $850 level.
Momentum indicators also signal caution. The four-hour RSI is drifting lower and nearing oversold territory, indicating weakening buying pressure but leaving room for a short-lived bounce. Analysts note that unless BNB can reclaim the $915 level, any upward move is likely to be corrective rather than the start of a new trend. From a mid-term perspective, the rate of BNB is declining after a false breakout of the resistance at $941.06, and if the weekly candle closes around current prices, a test of the $800 area could be possible in the coming month.
