BNB News Today: BNB's Critical $805 Test: Bear Market Abyss or Bullish Rebound?

BNB, the native token of the Binance blockchain, has slipped below $850, with technical indicators suggesting bearish momentum and rising long liquidations amplifying near-term downside risks. The price decline has triggered concerns among traders, as weak on-chain activity and a key support level at $805 come into focus. [Analysts warn](https://finance.yahoo.com/news/binance-coin-bnb-price-forecast-005755538.html) that a breakdown below this threshold could unleash a wave of forced liquidations, potentially driving the token toward $700 levels.

The relative strength index (RSI), a momentum oscillator, has entered oversold territory, reflecting prolonged selling pressure. However, bulls face an uphill battle to reverse the trend. A rebound above the $875 supply zone would be necessary to neutralize immediate bearish dynamics and rekindle hope for a retest of the $1,050 target on a double-top chart pattern. Yet, derivative flows remain skewed against buyers, [with over $20 million in long positions at risk](https://finance.yahoo.com/news/binance-coin-bnb-price-forecast-005755538.html) if the $805 cluster is breached.

On-chain data further underscores the precarious situation. [Daily transactions on the BNB chain have plummeted](https://www.coindesk.com/markets/2025/11/27/bnb-holds-below-usd900-level-as-onchain-activity-slumps-network-updrages-loom) by nearly 50% to 15.1 million in November, according to DeFiLlama, while decentralized exchange volumes have contracted by over $5 billion. Network utilization now sits at 19%, highlighting a divergence between price action and fundamental activity. Despite these headwinds, BNB has managed to consolidate just below the $900 mark, with tight trading ranges and declining volume hinting at potential repositioning by large market participants.

Market participants are closely watching for signs of stabilization. A sustained recovery would require not only a breakout above key resistance levels but also a resurgence in on-chain activity. Until then, [the risk of further declines looms](https://finance.yahoo.com/news/binance-coin-bnb-price-forecast-005755538.html), with the 47.5% downside projection from the $805 cluster pointing to $700 as a critical psychological level.

The token's roadmap offers a glimmer of hope, with performance upgrades aimed at enhancing scalability and supporting institutional-grade DeFi and AI applications. These developments, coupled with ongoing token burns-$1.2 billion were burned in Q3 2025-could provide a tailwind for demand. Additionally, the U.S. Securities and Exchange Commission's ongoing review of VanEck's proposed spot BNB ETF may inject further liquidity if approved. However, the path to recovery remains fraught with challenges, including macroeconomic uncertainties and broader crypto market volatility.