- BNB price fell below $850 following a broader crypto sell-off.
- The Binance ecosystem token could drop to $800 or lower if bearish pressure intensifies.
- Technical indicators suggest sellers hold the short-term advantage.
BNB is under renewed selling pressure as bulls fail to hold recent gains, mirroring losses across the wider cryptocurrency market.
As of December 23, 2025, BNB traded around $851, down about 1.5% over the past 24 hours amid renewed volatility in risk assets.
Although the price recovered slightly from an intraday low of $847, the outlook shows the risk that bulls may lose the last key support levels.
BNB faces renewed bearish pressure
As noted, BNB is trading in negative territory.
That weakness comes as sellers remain in control after a recent bounce toward $870, with profit-taking pushing the token toward critical support areas.
Over the past day the altcoin reached $847, and the technical picture points to potential further declines if bulls cannot defend that area.
Market data show BNB has dropped more than 11% from its December peak above $920.
Amid last week’s crypto-wide weakness, the token slid to intraday lows near $819.
Buyers later saw a modest recovery above $870 following regulatory progress, but the price remains well below its start-of-year highs and the October record high.
The downturn — which has taken BNB approximately 38% below its all-time high — coincides with reduced activity on the BNB Chain network.
According to blockchain explorer data, daily transactions have fallen nearly 47% from October’s peak.
Declining transaction volumes often reflect lower user and developer engagement, which can reduce demand for the native token and pressure the price.
BNB also shows market weakness in derivatives metrics.
Coinglass data indicate open interest in BNB futures has declined from over $2.97 billion in October to about $1.28 billion at the time of writing.
Position unwindings and reduced leveraged exposure are key catalysts behind the drop.
BNB price outlook
Technically, BNB remains in a downtrend despite a break of a trendline on the daily timeframe observed in November.
Any recovery met resistance near the 50-day exponential moving average, creating a supply wall for buyers.
It’s worth noting bulls have defended support around $825 — the level from which buyers lifted the token in August toward the October peak.
However, bearish signals dominate the key indicators on the daily chart.
The moving average convergence divergence (MACD) highlights waning momentum, while the relative strength index (RSI) sits below the neutral midpoint.
If downward pressure intensifies, a break below support could open the way for bears to target $738 and then $647.
Conversely, a decisive break above the $875 threshold could shift sentiment and pave the way for renewed upside toward $1,000.