Karla Barker 
BNB Price Retreats Below Key Level
BNB, the native token of the BNB Chain, dropped below $960 in recent trading, giving back gains after hitting resistance around $970. The token managed to reach $970.03 before reversing course, and the sharp increase in volume during this move suggests larger sell orders may have triggered liquidations. The price eventually found a session low at $942.06 before recovering somewhat.
This shift in momentum has left BNB trading in a range, with buyers trying to stabilize the price in the $950 to $960 area. The token has been hovering near the lower end of its daily range, which indicates traders remain cautious about pushing prices higher right now.
Technical Analysis Points to Downside Pressure
Alex Boruski, co-founder of iMe AI, commented on the situation, noting that the break below $970 reflects changes in order flow rather than just typical volatility. He mentioned that with liquidity concentrated below $950, the path of least resistance appears to be downward for now.
BNB finds itself caught between clear resistance near $970 and support around $942. Boruski also pointed out the development of a head-and-shoulders pattern on shorter timeframes, which technical analysts often interpret as a bearish signal that could lead to further declines.
Other analysts on social media platforms have observed similar patterns, reinforcing the view that short-term bearish pressure is affecting the cryptocurrency.
Market Context and Future Outlook
Whether BNB can recover above $970 or breaks lower toward support levels around $900 will likely determine its next significant move. The current decline aligns with broader market trends, as the CoinDesk 20 index fell 1.6% during the same period.
I think the key thing to watch here is how BNB behaves around these technical levels. The head-and-shoulders pattern is concerning, but patterns don’t always play out as expected. Sometimes they’re just noise in the market.
The volume spike during the reversal is interesting—it suggests real selling pressure rather than just minor profit-taking. But then again, we’ve seen similar moves before that turned out to be temporary.
What’s unclear to me is whether this is purely technical or if there are other factors at play. The broader market weakness certainly isn’t helping, but BNB often moves somewhat independently given its specific ecosystem dynamics.
Perhaps the most important level to watch is that $942 support. If that breaks, we might see a test of lower levels. But if it holds, the range-bound trading could continue for a while longer.