- BNB has fallen 41% from its $1,360 peak and now trades below $850.
- BNB Chain daily transactions dropped from 31.3M to 13.5M since October.
- Over $870 million in long positions were liquidated in the past 24 hours.
Binance Coin (BNB) is facing strong selling pressure, losing over 40% in value from its recent peak. The crypto market remains under bearish conditions as trading volumes drop and long positions are rapidly liquidated.
BNB Price Falls Below $850 Amid Low Momentum
Binance Coin (BNB) traded at $835.52 on December 2, 2025, down 41% from its recent all-time high of $1,360. The price is now below its 20-day simple moving average of $881.30 and the upper Bollinger Band at $950.80. The lower Bollinger Band is at $811.80, offering short-term support.
The Relative Strength Index (RSI) currently stands at 35.15, indicating weak buying interest and placing BNB near oversold conditions. The token is struggling to break past resistance levels and continues to face downward pressure. Unless BNB regains levels above the mid-Bollinger line, a reversal remains unlikely in the short term.
Market-wide selling has caused widespread losses, with BNB affected like other top assets. According to data from CoinGlass, long liquidations in the crypto market totaled $870 million in the last 24 hours, adding more pressure on prices.
Transaction Volume Drops on BNB Chain
Activity on the BNB Chain has also slowed down. Daily transactions have decreased from a peak of 31.3 million on October 8 to 13.5 million by December 2. This marks a 57% decline in just under two months, according to data from BSC Scan.
The sharp drop in transactions suggests lower user activity and reduced demand on the network. This trend may be linked to the current market correction and investor caution during high volatility.
BNB Approaches Key Support Zone Near $690
Analysis shared by crypto chartist eth_exy shows that BNB is nearing a critical price area around $690. This level previously acted as resistance during earlier rallies and could now serve as a support zone.
BNB is currently trading near $820.31, but analysts suggest that stability near $690 may present an accumulation area. A consolidation phase within this range could help form a base for future movement, though no strong signals have yet confirmed a reversal.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
