BNB is showing that the market has declined by falling below $865.

BNB's Decline and Market Impacts

BNB has dropped 2.7% to $865 following the Federal Reserve's 25 basis point rate cut. This situation has caused it to fall below the significant support level of $870, resulting in the token trading below its 30-day moving average.

Currently, BNB is trading in a narrow range where buyers are attempting to maintain the $864 - $867 range, while sellers are limiting gains around $868.50. It appears that investors are adopting a cautious stance.

A recovery above the $874 level could lead to a shift in momentum. On the other hand, a deeper pullback may reach down to the $839 level, which is the next technical support level. Additionally, a pause in network activities is expected ahead of an update.