On November eleventh, BNB, linked to the BNB Chain, plummeted below the thousand-dollar mark, hitting a low of nine hundred seventy-four dollars, indicating bearish territory. This decline was accompanied by a surge in trading activity, with a nearly eighty-eight percent increase in trading volume. Technical analysis suggests a high sell-off. Despite earlier highs of around thirteen hundred dollars, BNB has been on a downward trend, failing to recover above one thousand dollars. Technical patterns hint at further price drops. However, Jake A., an analyst from a BNB-linked project, emphasizes the currencys fundamental strength and underlying infrastructure. BNB currently faces resistance between one thousand and one thousand eight dollars, with support around nine hundred seventy-two dollars and eighty-five cents. If the price breaks below nine hundred seventy dollars, nine hundred fifty-nine dollars could be the next target. This drop coincides with a broader crypto market decline, with the CoinDesk Twenty index losing over two percent of its value.

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