- BNB price fell below $850 as cryptocurrencies declined.
- The Binance ecosystem token could drop to $800 or lower if bearish momentum strengthens.
- Technical indicators suggest sellers hold a short-term advantage.
BNB is facing intensified selling pressure as bulls fail to hold recent gains, mirroring losses across the broader cryptocurrency market.
At the time of writing on December 23, 2025, BNB was trading around $851, down about 1.5% over the past 24 hours as fresh volatility hit risk assets.
Although the price remains above the intraday low of $847, the current outlook indicates bulls risk relinquishing recent key support levels.
BNB price encounters renewed downside pressure
As noted, BNB is trading in negative territory.
That comes as sellers maintain control after a recent bounce toward $870, with profit-taking pushing the token back toward critical support zones.
Over the past day, the altcoin tested $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 the December peak above $920.
Amid last week’s crypto slump, the token hit intraday lows near $819.
Although buyers later managed a modest recovery above $870 on the back of regulatory progress, the price remains well below last year’s highs and the all-time high reached in October.
The pullback that has taken BNB about 38% below its ATH coincides with reduced activity on the BNB Chain network.
According to Blockchain Explorer data, daily transactions have fallen by almost 47% from October peaks.
Lower transaction volumes often reflect reduced engagement from users and developers, which can erode demand for the native token and contribute to weakening prices.
BNB’s derivatives metrics also signal market weakness.
Data from Coinglass show open interest in BNB futures has dropped from more than $2.97 billion in October to around $1.28 billion at the time of writing.
Position unwinds and declining leveraged exposure are key catalysts behind the move.
BNB price outlook
Technically, BNB remains in a downtrend despite briefly breaking the daily trendline in November.
The recovery also ran into supply near the 50-day exponential moving average.
Notably, investors defended support around $825 — a level that previously allowed buyers to lift the token from August to the October peak.
However, bearish signals dominate several key daily indicators.
The moving average convergence divergence (MACD) points to weakening momentum, while the RSI remains stalled below neutral.
If downward action intensifies, a break below the trendline support could let bears target $738 and then $647.
Conversely, a decisive break above $875 could shift sentiment and open the path to renewed gains toward $1,000.