Is BNB on the Brink of a Major Crash After 13% Drop?

BNB has dropped 13% over the past week, flirting with key support levels and bearish technical signals that could push the price toward $777 if the current downtrend continues.

Published by Ecem EFE

3 November 2025, 15:39 published Updated 3 November 2025, 15:39

Is BNB Facing Its Next Key Support at $931.6?

BNB (Binance Coin) has dropped sharply over the past week, losing 13% and nearing a critical technical juncture that could signal further downside. On November 3, the coin fell to an intraday low of $1,027, marking a 6% decline in 24 hours alone, as heightened selling pressure appears to grip short-term holders.

Double Bottom and Bearish Indicators Signal Trouble

Analysts point to a double bottom pattern on BNB’s daily chart, forming near $1,376 with a neckline at $1,074. The recent slip below this neckline confirms a potential breakdown, which could accelerate downside momentum. Technical indicators further underline the bearish trend: the 20-day SMA is poised to cross below the 50-day SMA, the Supertrend has flipped red, and the RSI has dropped below 50—highlighting that sellers currently outweigh buyers.

Market Context: Liquidations and Macro Risks

The drop comes amid a broader crypto market downturn, driven by nearly $400 million in liquidations and intensified short-selling. Traders are repositioning ahead of the U.S. jobs report scheduled for November 7. A strong report may sustain the Federal Reserve’s hawkish stance, pressuring risk assets, while a weaker print could revive hopes for rate cuts, offering temporary relief for BNB and the wider market.

Open interest in BNB futures has nearly halved from $2.97 billion on October 8 to $1.56 billion, and the long/short ratio below 1 signals that bearish sentiment dominates. The Crypto Fear and Greed Index currently sits at 42, placing the market firmly in the ‘fear’ zone.

Key Support and Potential Recovery

The next crucial support level lies near $931.6, a prior floor from September. Should this level fail, bears may target $777.3, derived from the double bottom formation. Conversely, a decisive rebound above $1,100 could invalidate the bearish setup and open the door for a short-term recovery.

At press time, BNB was trading at $1,031 per coin, leaving investors watching closely for the next directional move.