BNB drops 1.82% in 24 hours, trading at $1,076, with trading volume down 7.9% to $3.82B.

Support at $1,000 and resistance at $1,200–$1,336 suggest a possible price rebound for BNB.

With 82% of the community bullish, confidence in BNB’s long-term potential remains strong.

Binance Coin (BNB) is currently trading at $1,076, representing a fall of 1.82% in the last 24 hours. The trading volume had fallen by 7.9% and now stands at $3.82 billion, an indication of low market activity. 

Source: CoinMarketCap

The price of BNB has dropped by 8.61% over the last week, which follows a general trend of depreciation. Investors are keen to major support levels in order to know the next step in the market.

Cryptos Batman, a crypto analyst, highlighted that BNB is close to an important support level at $950-$1000, and this corresponds to the long-term diagonal of support in the coin.

The analyst is positive about the future of the token because of strong fundamentals, such as the increased use of BNB Chain. He further noted that the recent acquisition of CEA Industries by the largest corporate operator of BNB is an encouraging development for the future of the coin.

Source: X

BNB Faces Crucial Test at $1,000 Support

Moreover, another analyst, CoinCodeCap Trading, mentioned the price was in the range of the $1,000 support zone. BNB was already rejected at its all-time highs of $1,336, indicating a possible re-entry. 

With support, the token would experience a price rebound to about $1,200 and $1,336 soon. Still, the general market remains bullish relative to other large cryptocurrencies.

The short-term trend is technically neutral, whereas the medium- and long-term trends are positive. The MACD exhibits a downward trend despite the fact that the RSI is not downward, but it is neutral and indicates a possible momentum shift. 

Source: X

Also Read: XRP Poised For Bullish Move As Market Eyes $2.75 Target

The critical support levels are at $1,000 and $870, and the important resistance levels are at $1,200 and $1,336. A fall below $977 would undermine the bullish performance, but the major support area is a good sign of the recovery.

The recent price of cryptocurrency is strong, and the investor is confident in its strong fundamentals. Investors were confident due to the steady growth of BNB Chain adoption and robust corporate initiatives. With the moving averages of digital currency consolidating above the levels of its key support zones, analysts anticipate an upturn in the coin in the weeks to come, so long as the support zones are maintained.

Strong Community Support Signals Future Growth

The Binance Coin sentiment in the community is also robust, with 82% of respondents indicating the bullish view. The bearish is limited to only 18%, which is high confidence in the long-term potential of BNB despite recent price drops.

Source: CoinMarketCap

This optimism is in line with those sentiments of analysts who believe that the levels supported by cryptocurrency will be a possible entry point to recovery. Investors are also bullish on future growth, powered by good fundamentals and increasing adoption of BNB Chain.

Also Read: Render Price Analysis: Is a Big Breakout Coming Toward $9.80?

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Filed under: Bitcoin - @ October 23, 2025 2:22 am