The price of BNB still carries risks after falling to $920

The price of BNB has fallen to $920, losing the important support level of $1,000 and continues to show a weakening trend technically. Although there was a previous effort to bounce back from the bottom of $864, the current buying force is still not strong enough to reverse the downward trend.

If demand does not bounce back soon, selling pressure may cause the price of BNB to continue to fall deep in the coming time.

The recovery scenario of BNB is heading towards the range of $1,050–$1,100

After a period of sharp decline, BNB has established a bottom around $864, attracting new buying as the price becomes more appealing. However, after attempts to bounce back, the price is currently fluctuating around $920 and there are no clear signals of stability.

If the buyers do not manage well, selling pressure may continue to put pressure on the price.

According to expert Bit_guru, the prospect of bouncing back to the $1,050–$1,100 range still exists, but only if buying pressure remains strong above support levels. This is an area where short-term profit-taking may occur or stimulate new capital inflows.

Overall, BNB is in the process of rebuilding its price foundation after a deep correction. If buying pressure returns and holds steady above $950, the next upward movement could mark the beginning of a broader bounce back trend.

Head and shoulders pattern appears on lower time frame

On the lower time frame, the price of BNB is forming a head-and-shoulders pattern, often signaling a short-term correction. The upward momentum is weakening, allowing the bears to test lower price regions.

Just below the current price is a fair value gap (Fair Value Gap – FVG) that has not been filled, which may attract price to this area before any sustainable bounce back occurs.

According to CryptosBatman's analysis, this FVG area also coincides with the important Fibonacci retracement zone (0.618–0.786) and the buy order block (Order Block – OB).

BNB Price Fluctuation | Source: CryptosBatmanIf the price falls to this area, the convergence of technical factors may trigger a bounce back as new buying power emerges.

Long-term growth potential up to the $2,300 region is still there

In the long term, BNB is still maintaining an accumulation structure after breaking through important support levels. History shows that whenever the market experiences a “Break of Structure – phá vỡ cấu trúc” (BOS) along with a strong accumulation phase, BNB often enters an impressive growth cycle.

Currently, the price of BNB is stabilizing around the support area $700 – an important boundary that is being tested and protected by the buyers. If the historical trend repeats, the next upward move could very well take the price of BNB to the $2,300 area or higher.

The structure, dynamics, and rhythm of the chart all indicate the potential for a parabolic expansion in the future, with expectations of a strong bullish cycle.

BNB cần lực cầu mới để lấy lại mốc $1.000

Activity on the BNB Chain is also noticeably declining, with daily transactions sharply falling from 31.3 million ( on October 8 to only 16.6 million at the beginning of this week, according to data from BscScan. This indicates a decrease in the number of users interacting with decentralized applications and tokens on the platform.

![Where will the BNB price go as buyers try to hold the support level of $960?])https://img-cdn.gateio.im/webp-social/moments-527408f52de3ae242cdcdaf81ce9be0d.webp(BNB Chain Activity | Source: BSCscanHowever, technical indicators still show the possibility of a bounce back for BNB in the coming days if buying power improves.

Mr. Giáo