BNB fell below the 950 USDT mark earlier today, Nov. 4, 2025, erasing intraday gains and registering a sharp 24-hour decline as technical indicators and profit-taking pressured the token.
Key Takeaways:
- BNB dropped nearly 9% to trade below $950 on Nov. 4, marking one of its sharpest daily declines in weeks.
- Momentum indicators such as the RSI shifted toward neutral to bearish levels, signaling potential for further correction.
- Market-wide weakness and profit-taking, rather than a single news trigger, fueled the downturn.
BNB, the native token powering the BNB Chain and a core asset on the crypto exchange Binance, slid under the $950 mark early Tuesday UTC. The token had already shown signs of exhaustion after several sessions hovering near the $1,050 zone.
BNB current (8:30AM UTC) market price.
According to Binance’s official updates, BNB breached multiple price thresholds, from $1,040 to $960, within a single day, confirming an accelerated sell-off as stop orders were triggered. Market data from Binance, CoinMarketCap, and TradingView indicated losses between 8% and 9% over 24 hours.
At the time of writing (8:30AM UTC), CoinMarketCap shows BNB is trading at approximately $949.79, reflecting a 7.29% price declne over the past 24 hours with 24-hour trading volume surging past $1.9 billion, suggesting an intensified volatility and active distribution.
No Major Catalyst, Just Selling Pressure
Unlike sudden crashes caused by news or regulatory headlines, BNB’s decline appeared driven by broader market sentiment. Traders cited profit-taking after last week’s rally and weakness in other large-cap tokens like Bitcoin and Ethereum, which also slipped in the same session.
Market observers noted that exchange-generated posts highlighting each drop below major price thresholds amplified the negative sentiment, especially among retail traders using automated alerts.
Technical Indicators Turn Bearish
Analysts tracking BNB’s intraday charts observed a clear technical breakdown. TradingView’s RSI dropped to around 34, which suggests fading buying momentum. Meanwhile, lower timeframe charts, including 4H, showed RSI readings of 23, which means a potential oversold conditions but not yet a confirmed reversal.
4H RSI readings show BNB is in oversold territory.
Meanwhile, technical analysts suggests caution for traders and investors. If BNB fails to reclaim the $1,000 resistance level, the price can further go as low as $900–$920, which are key short-term support zones. Meanwhile, the 20-day exponential moving average (EMA) also began sloping downward, further reinforcing bearish bias.
Broader Outlook
BNB’s slump coincides with a pullback across major cryptocurrencies, hinting at broader fatigue after weeks of strong rallies. Total DeFi activity on BNB Chain showed minor slowdowns in daily transaction volumes, though no major outflows were recorded from large crypto wallets.
Despite the drop, BNB remains one of the most resilient altcoins year-to-date, up over 50% compared to early 2025 levels. Analysts suggest that longer-term investors may treat this dip as a healthy reset rather than a structural breakdown.
What’s Next?
In the near term, BNB needs to reclaim the $1,000 zone to regain positive momentum. Failure to do so could see the token retest lower supports around $900, potentially extending the correction phase.
Investors managing diversified crypto portfolios are advised to monitor order book data, funding rates, and on-chain activity for confirmation of trend reversal. For now, volatility remains high, and traders may find short-term rallies capped until confidence returns across the broader market.
Summary
BNB slid below $950 on Nov. 4 amid market-wide weakness and profit-taking, triggering technical indicators to turn bearish and raising the possibility of further downside toward $900–$920 unless the token reclaims $1,000.
