BNB crypto, the token backed by Binance and powering the BNB Smart Chain (BSC), has lost its crucial $900 level overnight, falling by over -4.5% as the combined crypto market cap lost over $150Bn in the past 24 hours, down to $3.1Bn.
A combination of broader market conditions, declining retail interest, and a heavy leverage flush has led to BNB crashing, as it is now down -35% from its October 2025 all-time high of $1,369, according to CoinGecko data.
On-chain metrics are also down for BSC, another contributing factor to the recent price action. Total Value Locked (TVL) has fallen by 2.90% since yesterday and is now under $7Bn after briefly reclaiming that level on January 14, according to DefiLlama.
BNB Crypto Sits at Support: What Happens Next?
Right now, BNB crypto is trading for $875, down -4.5% on the day and crucially, sitting at support. That support zone is between $860 and $865, and a break of that level could send it into the retest zone.
Worryingly for BNB holders, the retest zone spans a wide range from $480 to $708, with $708 also serving as a 100 EMA dynamic support level.
So in the short-term, it is crucial to hold above $860, but if this level is lost, the upper range of the retest zone at $708 will likely be hit, with the hope that the 100 EMA support holds, a much bigger drop is on the cards.
One piece of optimism for BNB crypto is its rising trading volume. Between January 16 and 19, daily spot trading volume for the Binance-backed asset ranged between $1Bn and $1.2Bn, but on January 20 and 21, volume reached over $2Bn, indicating increased activity and demand for the token.
(SOURCE: TradingView)
DISCOVER: 10+ Next Crypto to 100X In 2026
BSC On-Chain Metrics Down and Large Liquidations: Big Reasons for the BNB Crypto Pullback
TVL on BSC is down -2.90% over the past 24 hours alone, falling below $7Bn as on-chain retail activity dims. With BNB powering the BSC network, it is safe to assume that reduced activity on BSC has played a part in the recent BNB price action.
Liquidation data also tells a story. CoinGlass shows that over $4.9M in BNB liquidations have occurred over the past 24 hours, with $4.73M of that figure being long liquidations, highlighting that sellers are currently in control as price action leans bearish.
CoinGlass data also shows that BNB Open Interest dropped by -3.4% to $1.39Bn over the last 24 hours, suggesting a decline in the value of outstanding futures contracts as traders close positions or reduce leverage.
(SOURCE: CoinGlass)
BONUS: Maxi Doge (MAXI) Presale Hits Mega $4.5M Funding Milestone as Memecoins Show Glimmer of Life
While major caps such as BNB crypto and its contemporaries are struggling right now, some memecoins are showing signs of life, such as Memecore (M) and Pippin (PIPPIN), up +2% and +7.5%, respectively.
The Maxi Doge (MAXI) presale is attracting many savvy investors who are betting on this resurgence of memecoins. MAXI is marketed as ‘DOGE on steroids’ and is still in its presale phase. Unlike other projects, there aren’t thousands of investors stuck with underwater positions waiting for a chance to sell during minor price increases.
In fact, over $4.5M in ICO funding has been secured so far, with investors feeling confident in their MAXI holdings as their investments grow. The presale progresses in funding rounds, with the price increasing incrementally every time the timer hits zero.
Speaking of the timer, there are just over 48 hours left until the Maxi Doge ICO moves to its next price stage. This means that the current price of $0.0002795 will soon be a thing of the past, and anyone investing at this level will instantly lock in profits when the next round begins.
To further maximize gains, investors can take advantage of the Maxi Doge staking protocol, which currently offers an impressive 69% APY. So far, over 10.9 billion MAXI tokens have been staked by investors looking to increase their holdings.
DISCOVER:
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