BNB Plunges Below $860 as Traders Brace for U.S. Jobs Data Shockwave

BNB's sudden dip below $860 sends shivers through crypto markets—just as traders gear up for potential turbulence from today's U.S. jobs report.

Market Jitters Ahead of Data Drop

Traders are sweating over how the jobs numbers might sway Fed policy—and by extension, crypto's fragile momentum. BNB's slip mirrors broader anxiety across digital assets.

Timing Is Everything—Or Is It?

Another day, another macroeconomic indicator dictating crypto's fate. Because apparently, decentralized finance still hinges on old-school employment stats. Who said irony was dead?

BNB's slide isn't just a blip—it's a reminder that in crypto, even the giants kneel to traditional finance's data rituals.

Technical Analysis Overview

BNB entered the session with a surge from $860.30 to $868.08, but the rally quickly lost steam. Heavy selling pressure emerged around the $867–$868 level, a zone that has now established itself as a key resistance ceiling, according to CoinDesk Research's technical analysis model.

Volume surged during this attempt, peaking at 72,000 tokens, well above the average of 54,000, indicating a high level of participation during the failed breakout.

After the rejection, BNB retraced toward the $850–$855 range, where buying interest emerged. This was most visible as the token dipped to $851.40, triggering a volume spike. This response pointed to solid demand at these lower levels.

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