BNB Crashes Through Key Support—Will FOMC Minutes & Geopolitical Chaos Spark a Rebound or Deeper Drop?
BNB''s price just sliced through critical technical levels like a hot knife through butter—and traders are scrambling for clues.
FOMC jitters meet geopolitical fireworks
As the crypto market holds its breath for Wednesday''s FOMC minutes, BNB''s breakdown raises eyebrows. No fancy TA needed here—when support cracks during macro uncertainty, even the ''smart money'' starts sweating. Bonus irony? The same institutional players crying ''risk-off'' are probably loading up on the dip.
What''s next? A dead-cat bounce on dovish Fed whispers... or full-blown capitulation? Grab your charts and popcorn.
Technical Analysis Overview
- Strong support has formed at $647, backed by a surge in volume to 82,311 tokens, nearly triple the 24-hour average, according to CoinDesk Research''s technical analysis data.
- Resistance is entrenched between $658 and $659, an area where the price was rejected twice amid rising volume.
- Hourly charts reveal a push to $655, followed by a slight pullback to $652. This identifies a local resistance at $655.70-$655.80.
- Selling pressure intensified during downswings. BNB is currently consolidating below resistance with a bearish tilt, and further downside comes if sentiment remains weak.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk''s full AI Policy.
