BNB Fell Below 900 Dollars: The Market is Declining

BNB's Decline Continues

BNB has fallen below the $900 level during a broad market decline. This situation occurred despite recent technical innovations and ecosystem developments in BNB Chain.

opBNB Network and Innovations

The layer-2 network of BNB Chain, opBNB, recently completed a significant update. This update, named the Fourier hard fork, doubled transaction volume and halved block times.

Resistance Levels and Market Expectations

For BNB to regain its upward momentum, it needs to break the current downtrend and reclaim the resistance levels around $906. Otherwise, there is a possibility of facing more pressure towards the $892 level.