BNB Price Analysis: 10.5% Crash Threatens $674 Support After Binance Hack

Binance Coin dropped 10.51% toward $680 following Binance’s October 29 security breach, then recovered near $701 on Friday. $BNB nevertheless remained 7.77% below its pre-selloff level, placing September support back in focus.

The price analysis identifies $674.60 as the decisive lower boundary after a breakdown on the daily chart. Binance estimated $6.3 billion in affected assets and identified a potentially compromised engineer’s laptop during its preliminary investigation.

However, Binance reported no evidence that wallet private keys were leaked. Binance subsequently reserved more than $6.34 billion to cover losses, including $5 billion held in affected tokens, while approximately $3 billion in affected assets were frozen.

$BNB Price Analysis Shows 10.5% Crash Toward September Lows

The Binance Coin price analysis shows the token losing ascending trendline support after failing to clear $750.47–$762.20. Selling pressure then pushed $BNB toward the September low area spanning $683 to $674.60.

Despite Binance’s recovery reserves, $BNB remained below the broken trendline support, leaving Friday’s rebound short of an established reversal. Moreover, Binance Coin reclaimed its 200-day exponential moving average at $692.43, although the break below rising support remained intact.

As of press time, $BNB’s price analysis places $674.60 below this average as the next critical threshold. A sustained close beneath that level would expose the $620.55–$600 zone. For Binance Coin, the price analysis also identifies $750.47–$762.20 as the first major overhead barrier. A recovery beyond that band would bring $799.41–$809.99 into view.

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$BNB Weekly Chart Maps $698.95 Support and $772.56 Resistance

On the weekly chart, Binance Coin remains within a $674.60–$702.37 support band. The $BNB price analysis highlights the 38.2% Fibonacci retracement at $698.95, close to Friday’s quoted value. This overlap places the token near two independently identified support references.

On the upside, the Binance Coin price analysis marks $748.39 at the 50% retracement, followed by $798.21 at 61.8%. $BNB also faces weekly resistance extending from $772.56 to $813.39. Therefore, a weekly close below $674.60 would weaken support, while reclaiming $772.56 would mark a stronger rebound.

As Binance continues security checks and asset recovery efforts, $BNB remains near its lower weekly boundary. Consequently, market participants are monitoring whether buyers can defend this support and establish a stronger recovery.

Key $BNB Technical Levels

Bullish Case

Holding $674.60 and reclaiming $748.39 would strengthen recovery prospects, placing $772.56 and $798.21 in focus.

Bearish Case

A sustained close below $674.60 would weaken September support and expose the $620.55–$600 zone.

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