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BNB falls below the $900 mark, technical analysis reveals the future market trend
【Crypto World】 Currently, the overall crypto market is under pressure, and BNB has not been spared. Its price has dropped 2.2% and fallen below the key support level of $900. The problem is that sell orders are continuously pouring in, and the rebound has been thwarted again at a critical point, turning the $900 from support into resistance.
Looking at the overall market sentiment, the CD20 index has fallen 2.6%, but trading volume has surged above the historical average. What does this indicate? Liquidity is abundant, but a bearish sentiment has already taken hold.
It is worth noting that a major exchange has recently made several moves in the opBNB ecosystem—Fourier hard fork has halved block time and doubled throughput, significantly improving DeFi ecosystem performance; at the same time, they launched silver perpetual futures and $1 million staking incentives. These positive news should have supported the price, but traders are now clearly more focused on technical signals.
To reverse the situation, BNB needs to climb back above $906 to restart its upward momentum. If this weak trend continues, the next key target level to watch is $892.