{"id":18570,"date":"2025-12-23T20:42:58","date_gmt":"2025-12-23T20:42:58","guid":{"rendered":"https:\/\/bitunikey.com\/news\/binance-coin-price-crash-may-worsen-as-death-cross-nears\/"},"modified":"2025-12-23T20:43:14","modified_gmt":"2025-12-23T20:43:14","slug":"binance-coin-price-crash-may-worsen-as-death-cross-nears","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/binance-coin-price-crash-may-worsen-as-death-cross-nears\/","title":{"rendered":"Binance Coin price crash may worsen as death cross nears"},"content":{"rendered":"
\n

Binance Coin price has dropped by 40% from its highest point this year and is at risk of forming a death cross pattern that will lead to more downside.\u00a0<\/p>\n

\n
\n Summary<\/span>\n <\/div>\n
\n
    \n
  • Binance Coin price has dropped by 40% from the year-to-date high.<\/li>\n
  • The token has formed a bearish pennant chart on the daily chart.<\/li>\n
  • It is about to form the risky death cross chart pattern.<\/li>\n<\/ul><\/div>\n<\/div>\n

    <\/p>\n

    The Binance Coin (BNB) token has dropped from its all-time high of $1,376 to the current $840. This plunge has brought its market capitalization to $118 billion, down from the year-to-date high of over $180 billion.\u00a0<\/p>\n

    The token has continued to decline due to the ongoing crypto market crash, <\/strong>which has affected Bitcoin and most altcoins.<\/p>\n

    Binance Coin price technical analysis\u00a0<\/h2>\n

    The daily chart indicates that the BNB price has been in a pronounced downward trend over the past few weeks. A closer look shows that the token is about to form a death cross pattern, which happens when the 50-day and 200-day Exponential Moving Averages cross each other.<\/p>\n

    BNB price chart | Source: crypto.news<\/figcaption><\/figure>\n

    In this case, the 50-day EMA is at $905 while the 200-day EMA has moved to $880, and chances are that the two will cross each other.<\/p>\n

    <\/p>\n

    At the same time, the token is in the process of forming a bearish pennant pattern, which is made of a straight vertical line and a symmetrical triangle. It is now in the process of forming the triangle pattern whose two lines are about to converge, which will trigger a breakdown.<\/p>\n

    Binance Coin price has also moved slightly below the 61.8% Fibonacci Retracement level, which is a risky sign because most rebounds normally happen at this level.<\/p>\n

    BNB price has also moved below the Strong, Pivot, and Reverse levels of the Murrey Math Lines and is now at the Weak, Stop & Reverse point.\u00a0<\/p>\n

    Additionally, it remains below the Supertrend indicator and the Ichimoku cloud tool.\u00a0<\/p>\n

    Therefore, the token will likely continue falling as sellers target the next key level at $750, the Ultimate Support of the Murrey Math Lines. This target is about 10% below the current level. More downside below that level will lead to further downside to $500.<\/p>\n

    On the other hand, a move above the 50% Fibonacci Retracement level at $945 will invalidate the bearish outlook and signal more gains ahead, potentially to the all-time high of $1,380.<\/p>\n

    <\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

    Binance Coin price has dropped by 40% from its highest point this year and is at risk of forming a death cross pattern that will lead to more downside.\u00a0 Summary…<\/p>\n","protected":false},"author":1,"featured_media":491,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=18570"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18570\/revisions"}],"predecessor-version":[{"id":18571,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18570\/revisions\/18571"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/491"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=18570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=18570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=18570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}