BNB Price Falls Below $750 Pivot as $700 Support Faces Test
BNB price traded near $729 on Oct. 15 after falling to $708.64, leaving the $700–$710 support zone in focus. The token is below its weekly $750 pivot and its 20-day and 50-day moving averages at $761.09 and $744.55, respectively, after rejection near $800. Analyst BullishBanter said a sustained break below $700–$710 could open the way to $680–$690, while a move back above $740 would be an early recovery signal. CoinGlass data showed liquidation concentrations near $704–$706 and $695 below the market, and around $765–$766 above it. BNB remains above its 100-day and 200-day moving averages. US inflation also adds a macro risk: September CPI rose 3.7% year over year and 0.6% month over month, lifting rate-hike expectations and weighing on risk assets.
Bearish
The near-term setup is bearish for BNB: its price has fallen below the $750 weekly pivot and both the 20-day and 50-day moving averages, following rejection around $800. Those levels may now act as resistance. Traders are likely to watch whether the $700–$710 support zone holds; a break could prompt stop-loss selling and increase the chance of a move toward $680–$690. Liquidation concentrations near $704–$706 and $695 could add volatility if the price approaches those levels. Conversely, the concentrations around $765–$766 may become relevant if BNB rebounds, but the analyst’s $740 recovery threshold and moving-average band are nearer obstacles.
The signal is not uniformly negative. BNB remains above its 100-day and 200-day moving averages, so the longer-term trend has not fully reversed. The declining daily ADX also suggests weaker trend strength, which can lead to choppy trading rather than a sustained decline. Still, the reported hotter US inflation data and higher rate expectations may pressure crypto and other risk assets, as markets have often reacted to tighter monetary-policy expectations with reduced risk appetite. In the short term, price action around $700–$710 and a potential reclaim of $740 are key. Longer term, holding the longer moving averages would help preserve the broader advance; losing support and those averages would strengthen the bearish case. These are conditional scenarios, not guaranteed outcomes.