Will BNB price hold above $1,000 support after dropping almost 4%?
Jakarta, Pintu News – Recently, BNB experienced significant bearish pressure, following Bitcoin’s rejection at $116,000 which affected overall market sentiment. Although there was a recovery in BNB prices to $1,182 on Monday, the failure to hold this important level has raised questions about BNB’s ability to maintain support at $1,000.
Why is BNB experiencing bearish pressure?
BNB’s price decline in recent hours was triggered by Bitcoin’s (BTC) price rejection at $116,000, which indirectly affected other crypto assets including BNB. Despite reaching $1,182, BNB was unable to maintain the momentum. This suggests that there are short-term bearish tendencies that have developed over the past ten days, especially after failing to defend the swing low level of $1,100 on October 17.
Also Read: Top 3 Crypto’s that are Trending and Stealing Investors’ Attention by the End of 2025!
Next Key Level for BNB Traders
In observing BNB’s price movements, it is important to note the support level at $1,026 and the local high at $1,182 as key resistance levels. The respected Fibonacci retracement level shows that $1,026 is a critical support. If the price drops below this level, it could be an early sign that the buyers are losing strength. On the contrary, a break above the $1,140-$1,190 resistance zone could signal the beginning of a bullish trend.
BNB Buy/Sell Ratio Analysis
The taker buy/sell ratio used to measure the volume of aggressive buying and selling showed that the selling volume was slightly higher with a ratio of 0.87 on Tuesday. This suggests that there is more selling pressure which might explain the price’s difficulty in overcoming the $1,140 resistance zone. However, taker volume has recently found a balance, which could change depending on Bitcoin’s (BTC) next move.
Conclusion
Although BNB buyers don’t seem strong enough to trigger a rally, they still have enough power to defend the $1,000 psychological support level. If the price drops below $922, it will be a confirmation of the long-term bearish trend. However, a rise above $1,150-$1,190 would be the first step towards forming an uptrend.
Also Read: Bitcoin (BTC) Breaks $115,000, Fear & Greed Index is Neutral!
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
Reference
- AMB Crypto. Will BNB’s price hold on to its $1000 support after falling by almost 4%?. Accessed on October 30, 2025
