BNB Price Slips Toward Key Support As Selling Pressure Intensifies

BNB Price Update: Early Session Weakness Builds

BNB is showing visible weakness in early trading hours as sellers gain short-term control. As of 08:53 UTC, BNB is trading near $782.55, posting a 1.3%-2% decline within a few hours. This drop follows a broader slowdown across the crypto market, where total market capitalization slipped by an estimated 1.1% intraday, signaling declining risk appetite among traders.

From a volume perspective, short-term sell orders increased notably during the Asian trading session. Spot trading volume for BNB rose approximately 18% above its 24-hour average, often a sign of distribution rather than accumulation when prices are falling.

The $750 “Water Surface” Support Explained

Analysts are closely tracking $750, now widely referred to as the water surface support level. This zone represents a major liquidity floor where buyers historically step in to prevent sharper breakdowns.

Data from recent price action shows that BNB has tested the $750-$760 range multiple times over the past month, bouncing back on 70% of those occasions. That makes this level statistically significant. However, repeated tests also weaken support over time, increasing the probability of a downside break if buying momentum fades.

A confirmed breakdown below $750 could open the door to the next demand zone around $720-$730, which aligns with a prior consolidation range and a high-volume node on the volume profile.

Technical Indicators Signal Growing Pressure

From a technical standpoint, several indicators are flashing caution:

• Relative Strength Index (RSI) on the 1-hour chart dropped to 41, nearing oversold territory

• Moving Average Convergence Divergence (MACD) remains bearish, with the signal line below zero for the last six hours

• BNB is currently trading below its 20-period and 50-period intraday moving averages, a short-term bearish signal

Additionally, liquidation data shows that nearly $9.4 million in long positions were wiped out in the last 12 hours, reinforcing the idea that bullish leverage is being flushed from the market.

Market Context: Why BNB Is Under Pressure

BNB’s decline is not happening in isolation. Bitcoin dominance has climbed slightly to 54.1%, often a sign that capital is rotating out of altcoins during periods of uncertainty. Historically, when Bitcoin dominance rises by more than 1% in a week, major altcoins like BNB tend to underperform.

On-chain data also shows a mild decrease in active BNB wallet interactions, down roughly 6% week-over-week, suggesting cooling retail participation.

Bull vs Bear Scenarios Moving Forward

Bullish case:

If buyers successfully defend $750 and reclaim $800, BNB could attempt a relief rally toward $825–$840, where strong resistance currently sits. A sustained move above $840 would invalidate the short-term bearish structure.

Bearish case:

Failure to hold $750 on high volume increases the probability of a deeper pullback toward $720 or lower, especially if broader market sentiment continues to weaken.