Can BNB’s price hold support at $1,000 after falling nearly 4%?

C.Z 2025-10-29 17:41 36514人围观 BNB

Key Takeaways Why has BNB faced downward pressure over the past few hours? Although BNB price rebounded to $1,182 on Monday, Bitcoin found resistance at $116,000, causing the overall market sentiment to turn bearish. What is the next key price level for B

Key takeaways

Why has BNB faced downward pressure in the past few hours?

Although BNB price rebounded to $1,182 on Monday, Bitcoin found resistance at $116,000, causing the overall market sentiment to turn bearish.

What is the next key price level for BNB traders?

The support at $1,026 and the local high at $1,182 will be the key support and resistance levels to watch.

As of press time, the cryptocurrency market is experiencing a new round of price declines, Bitcoin (BTC) It encountered resistance at the $116,000 resistance level. subject to short term Bitcoin The altcoin market is down 2.5% in the past ten hours as holders took profits at key short-term resistance levels.

Binance Coin (BNB) It was not immune to this price drop, with a drop of 3.84%. Despite selling pressure, its price remains above $1,000. How long can this situation last?

BNB is safely above support…for now!

One-day price chart shows that despite BNB There is an overall upward trend, but there is also a short-term downward bias over the past ten days. This was due to bulls’ failure to hold the October 17 low of $1,100.

At present, the Fibonacci retracement level is effectively supported, and the 78.6% retracement level of $1,026 has become an important support level. Prices falling below this level would be an early warning sign that bulls are losing strength.

The BNB long-short ratio chart uses the buy/sell ratio to determine the buy/sell amounts on both the long and short sides. More aggressive buy/sell signals a bullish trend, but Tuesday's ratio was 0.87.

This means selling volume is slightly higher on the selling side. This may explain why Bitcoin price has struggled to break above the $1,140 resistance level. Only in the last few hours has the sell-side volume balanced out, and that balance may change depending on where Bitcoin moves next.

Overall, BNB seems to be in a tough spot. Buyer power does not appear to be enough to drive a rebound, but there is still enough resilience to hold on to the psychological support level of $1,000. A move below $922 would confirm the long-term downtrend. Conversely, a break above the $1150-1190 range would be the first step in establishing an uptrend.

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