Binance BNB faces $700 support test, bears threaten $684 lows

Binance Coin (BNB) price could fall below $700, in danger of breaking below key psychological support.

The cryptocurrency market is experiencing a sudden selling pressure, resulting in $418 million liquidations in 24 hours. In this situation, BNB price faces a sharp drop

BNB has fallen by 1.11% in the past 24 hours and remains at risk of falling below the psychological support of $700. Is BNB price about to fall further?

On the 4-hour chart, BNB price initially showed a bullish breakout from the triangle pattern. However, BNB price quickly lost its bullish momentum due to broader market corrections and shifts

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