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- $BNB price dropped to under $850 as cryptocurrencies solld-off.
- The Binance ecosystem token could dump to $800 or lower if bears strengthen.
- Technical indicators suggest sellers have upper hand in the short term.
$BNB faces intensified selling pressure as bulls fail to hold onto gains made in recent sessions, mirroring losses around the broader cryptocurrency market.
As of writing on December 23, 2025, $BNB traded around $851, down 1.5% in the past 24 hours as fresh volatility hit risk assets.
While price is off intraday lows of $847, the current outlook suggests bulls risk a revisit of recent key support levels.
$BNB price faces fresh bearish pressure
As noted, the $BNB price is trading in negative territory
This comes as sellers maintain control following a recent spike to $870, with profit-taking driving the token towards critical support levels.
In the past day, the altcoin has touched $847, and the technical picture signals a potential for further downside if bulls fail to defend this zone.
Market data indicates that $BNB has declined more than 11% from its December high of above $920.
Amid the downturn across crypto this past week, the token touched intraday lows of $819.
While buyers then saw a modest rebound to above $870 amid regulatory milestones, the price remains well off its year-to-date peak and all-time high reached in October.
The downturn that has $BNB price 38% off the ATH coincides with diminishing activity on the $BNB Chain network.
Per blockchain explorer data, daily transactions have fallen nearly 47% from October peaks.
Reduced transaction volumes often reflect lower user and developer engagement, which can erode demand for the native token and contribute to price weakness.
$BNB is also signalling market weakness via its derivatives numbers.
Data on Coinglass shows caution has futures open interest for $BNB down from over $2.97 billion in October to $1.28 billion as of writing.
Position unwinding and decreased leveraged exposure are key catalysts.
$BNB price forecast
From a technical perspective, $BNB remains in a downtrend despite a breakout from a trendline on the daily timeframe seen in November.
Recovery also hit a supply wall near the 50-day exponential moving average.
Notably, bulls have defended the support around $825 – a reload from which buyers elevated the token in August to its peak in October.
But bearish signals dominate key indicators on the daily chart.
$BNB Price Chart">
The Moving Average Convergence Divergence (MACD) highlights fading momentum, while the RSI indicator has flatlined below the neutral mark.
If downside action strengthens, a dip below the support trendline could allow bears to eye $738 and then $647.
On the flipside, a decisive breakout above the $875 threshold could shift sentiment, opening the door to renewed gains towards $1,000.