BNB Slips Below $1K as Crypto Market Drops, Fear Index Nears ‘Fear’

BNB, the token that powers the BNB Chain and can be used for fee discounts on leading crypto exchange Binance, dropped more than 2% in the last 24 hours amid a wider cryptocurrency market ￰0￱ in the industry remains poor, with the Crypto Fear and Greed Index now at 41, a neutral level close to hitting fear, while the average crypto relative strength index (RSI), a technical indicator, points to oversold levels according to ￰1￱ token slid from $1,025 to just under $1,000 as sellers took control and resistance built near $1,035, according to CoinDesk Research's technical analysis data ￰2￱ broader CoinDesk 20 ( CD20 ) index dropped 3.7%. BNB Chain validators have put forward a proposal to r educe gas fees from 0.1 to 0.05 ￰3￱ change would drop average transaction costs to around $0.005 and accelerate block speeds from 750 milliseconds to 450 ￰4￱ proposal comes at a time in which on-chain trading activity is booming on the BNB Chain after the launch of decentralized trading platform Aster, which recently overtook Hyperliquid in daily perpetual trading ￰5￱ Analysis Overview BNB traded within a $49 range over the past 24-hour period, falling to $993.

Strong resistance formed just above $1,030, while support held firm around $987. The price briefly recovered, ticking up from just below $990 to near $994. The gain came as buying demand appeared and pushed the token to form higher ￰6￱ volume suggested a shift from aggressive selling to slower accumulation, with support consolidating near $989 and resistance emerging just under $996. Disclaimer: 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 ￰7￱ more information, see CoinDesk's full AI Policy .