BNB Tests Critical $868 Support After Steep Drop

⬤ BNB just went through a brutal selloff, dropping hard from the $950 zone straight down to the $868 support area. The four-hour chart tells the story pretty clearly—after failing to break above $930 resistance multiple times, the price just gave up and crashed through several support levels without much of a fight. Now everything hinges on whether $868 can actually hold.

⬤ The breakdown happened fast. What looked like a relatively stable range around $930 quickly turned into a cascade of red candles pushing BNB lower. That $868 level isn’t random though—it’s shown up before as a spot where buyers stepped in, so there’s at least some historical significance there.

⬤ Right now, BNB seems to be catching its breath near $868. The selling pressure appears to be easing up a bit, which could mean buyers are starting to show some interest. If this support actually holds, we might see a relief bounce back toward those old resistance zones. But here’s the catch—if $868 breaks, there’s not much underneath to stop the bleeding, which could get ugly fast.

⬤ The next few sessions are going to be telling. Either BNB stabilizes here and starts building back up, or it breaks lower and opens the door to more pain. How this plays out at $868 will likely set the mood for the broader market too, especially given BNB’s weight in the crypto space.