BNB extended its weekly decline on November 17, dropping to $895 after a fresh 3% pullback in the last 24 hours. The move reflects broader market stress across large-cap cryptocurrencies, while Binance Coin now trades firmly below the $900 psychological level.
BNB’s market cap has fallen to $123.3B, also down 3% on the day, even as 24-hour trading volume jumped 59% to $3.7B, indicating intensified selling pressure.Â
On the technical side, the TradingView chart illustrates a clear loss of momentum throughout the week, with a sequence of lower highs and lower lows confirming a persistent downtrend. Price action repeatedly failed to reclaim the $920–$930 zone, which has now flipped into resistance. The sharp late-session drop brought BNB to its lowest point since early November.
The RSI (14) signals weakening bullish momentum but has not yet reached oversold territory. Throughout the week, the RSI repeatedly failed to break above the mid-range levels (50–55), reinforcing that buyers have been unable to regain control. The most recent RSI dip below 30 earlier in the day hinted at temporary capitulation before a minor recovery, but momentum remains decisively bearish.
BNB maintains a circulating supply of 137.73M tokens, matching its max supply, with no dilution risks present. Despite this, thinning liquidity in the broader market has pressured major altcoins, and BNB is no exception, recording a 9.7% decline over the past seven days.
If selling continues, the next key support to watch lies in the $880–$885 range, while a move back above $910 would be required to shift momentum toward stabilization.