【Coin World】Currently, the overall crypto market is under pressure, and BNB has not been spared either, with its price declining 2.2% and breaking through the critical support level of $900. The problem is that selling pressure continues to pour in, with rebounds failing again at key levels. Now $900 has changed from support into resistance.
Looking at overall market sentiment, the CD20 index fell 2.6%, but trading volume surged well above historical average levels. What does this indicate? Ample liquidity, but a bearish atmosphere has already formed.
It's worth noting that a leading exchange has recently made significant moves on the opBNB ecosystem—the Fourier hard fork has halved block time and doubled throughput, with notable performance improvements in the DeFi ecosystem. Meanwhile, it has also launched silver perpetual futures and a $1 million staking incentive program. These positive developments should have supported the price, but traders are now clearly more focused on technical signals.
To turn things around, BNB needs to reclaim $906.