Share this article
BNB Drops Below $865 as Crypto Market Moves Lower
The token is now trading in a tight range, with buyers defending the $864-$867 zone and sellers capping gains near $868.50.
Updated Dec 11, 2025, 4:57 p.m. Published Dec 11, 2025, 4:24 p.m.
What to know:
- BNB dropped 3% to $865, breaking through a key support zone of $870 and falling below its 30-day moving average.
- The token is now trading in a tight range, with buyers defending the $864-$867 zone and sellers capping gains near $868.50.
- A recovery above $874 could shift momentum, but a deeper slide could push BNB toward $839, the next technical support level.
The price of BNB, the native token of the BNB Chain, dropped 3% in the last 24-hour period to $865 as traders digested the Federal Reserve’s Wednesday rate cut.
BNB moved down with the broader CoinDesk 20 (CD20) index, which is lower by 3.4% over the same time frame.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The token rose as high of $908.83 Wednesday before reversing sharply. Selling pressure increased as BNB pierced through $870, a key support zone that had held in recent weeks, according to CoinDesk Research's technical analysis data model. The breakdown was backed by volume, with trading activity surging.
BNB also fell below its 30-day moving average and the 23.6% Fibonacci retracement level at $874, adding to the bearish setup. These indicators often serve as signals to traders that a short-term uptrend may be ending.
While BNB found some footing near $861.95, multiple attempts to recover toward $870 met resistance. The token is now trading in a tight range, with buyers defending the $864–$867 zone and sellers capping gains near $868.50.
For now, traders appear cautious. A recovery above $874 could shift momentum, but with network activity set to pause, most are waiting for the upgrade to complete before taking new positions.
A deeper slide could push BNB toward $839, the next technical support based on Fibonacci levels.
Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Galaxy Digital’s head of research explains why bitcoin’s outlook is so uncertain in 2026
Galaxy Digital’s Alex Thorn says options markets, falling volatility and macro risks make next year hard to forecast even as the firm keeps a bullish long-term view.
What to know:
- Galaxy Research, the research arm of Galaxy Digital (GLXY), says overlapping macroeconomic and market risks make bitcoin unusually difficult to forecast in 2026.
- The firm says that options pricing and volatility trends indicate that bitcoin is maturing into a more macro-like asset, rather than a high-growth trade.
- Galaxy maintains a long-term bullish outlook, projecting that bitcoin could reach $250,000 by the end of 2027.
Top Stories
