BNB Sheds 10% as $1,000 Critical Support Threatens Breakdown

• Binance Coin (BNB) recorded a 10% decline over the past week, reaching $1,072.
• A potential breach of the $1,000 support level could trigger a deeper correction.

On October 22, 2025, Cointelegraph reported that Binance Coin (BNB) has dropped 10% over the past week, trading at $1,072. Analysts warned that BNB’s ability to hold the $1,000 support level is critical to prevent a deeper price regression toward $845.

Technical indicators paint a bearish short-term picture for BNB. The daily Relative Strength Index (RSI) has shown a notable decline, with BNB now trading below its 200-day exponential moving average (EMA). These metrics typically signal diminishing price momentum and higher downside risk.

On-chain metrics present further evidence of selling pressure. Negative Cumulative Volume Delta (CVD) data suggests sell orders are outpacing buy orders, indicating reduced demand and profit-taking activity among traders.

If BNB fails to sustain the $1,000 support level, investor sentiment could weaken further. The next critical support is at $935, and analysts caution that sustained trading below $1,000 may signify a short-term peak, potentially leading to a deeper correction.

Despite bearish indicators, certain fundamentals of the Binance network remain robust. A growing number of token holders and significant increases in network revenue reflect persistent on-chain activity. However, these positive developments have yet to drive meaningful upward price movement for BNB.

The wider cryptocurrency market shows Bitcoin’s recent price volatility influencing the altcoin sector, including BNB. Analysts note the $1,000 support as pivotal for BNB’s performance, while the market awaits a potential breakout above resistance levels.

As of October 22, 2025, 15:09 UTC, Binance Coin (BNB) is trading at $1,079.10 with 24-hour trading volume down 1.776%, according to Market Survey data.