BNB Chain’s native token, BNB, slipped below the $1,000 mark in the past 24 hours, dropping to lows near $974 amid a surge in trading volume nearly 88% above its daily average. The move signals short-term bearish sentiment as traders react to broader crypto market weakness.
However, macro fundamentals could soon favor a rebound. With the U.S. government shutdown reportedly nearing resolution and investors widely anticipating a Federal Reserve rate cut in December, liquidity conditions are expected to improve. Lower interest rates typically reduce the cost of capital, boosting investor appetite for risk assets like cryptocurrencies. As liquidity flows back into the market, altcoins such as BNB may see renewed buying pressure.
Technically, BNB broke out of a long-term ascending channel despite the recent sell-off. The $950–$970 zone is acting as a strong support area, acting as a retest to the break-out of the ascending channel. A sustained support of this level could set the stage for a rebound toward $1,375 previous high, the next major resistance and prior high. Conversely, a breakdown and a candle close below $900 could open the door to deeper losses near $900 or lower.
Analysts remain divided. “Short-term volatility doesn’t shake BNB’s fundamentals,” said Jake A. from AIC Labs. “As long as on-chain activity and ecosystem growth continue, the long-term picture remains intact.”
In summary, while BNB faces immediate technical resistance at $1,000, easing macro pressures and a confirmed support base could ignite the next rally toward $1,375 as traders position for a more dovish Fed.