Binance Coin Faces Selling Pressure Amid Broad Market Pullback

BNB, the native token of the Binance ecosystem, extended its losses on Tuesday, sliding toward the $850 support level. The decline reflects a broader risk-off sentiment sweeping through the cryptocurrency market, with major assets facing significant selling pressure.

The pullback coincides with Bitcoin's retreat from recent highs, with the flagship cryptocurrency sinking back to the $87,000 mark during Tuesday's trading session. This correlation highlights the continued sensitivity of altcoins, including major exchange tokens, to movements in Bitcoin's price.

Market Context and Technical Levels

Analysts are closely watching the $850 level for BNB, which now serves as a critical short-term support zone. A sustained break below this threshold could signal further downside toward the next major support area around $800. The current market behavior suggests investors are taking profits after a strong rally, leading to a healthy correction across the board.

"The market is experiencing a natural consolidation phase after a parabolic move," noted one market strategist. "Liquidity is being tested, and stronger hands are shaking out weaker positions. For BNB, holding above $800 is crucial for maintaining the bullish structure."