BNB has dropped below 960 dollars, and the decline expectation is increasing.

BNB Price Drops Below $960

BNB, the native token of the BNB Chain, has fallen below $960 in the last 24 hours, encountering resistance near $970. The token, which has lost its early gains, is currently trying to stabilize around the $950 level.

Increase in Selling Pressure

A sharp increase in volume indicates that large-scale sell orders are coming in. Analysts point out that a head and shoulders formation is developing in the market. This formation could potentially signal further declines.

Future Moves for BNB

The next major move for BNB will depend on whether it can successfully position itself above $970 or break down below the support levels around $900.