BNB Token Faces 2.33% Price Dip Amid Fed Rate Cut and Resistance at $900

BNBUSDT experienced a 2.33% price decline over the past 24 hours, opening at 900.13 and currently trading at 879.14. This downward movement can be attributed to ongoing market volatility, broader risk aversion following the Federal Reserve's 25 basis point rate cut, and technical resistance levels around $898–$900 that the token failed to break. Recent ecosystem developments—including Binance's launch of Binance Junior, new regulated partnerships in the UAE, expanded tokenized equities via Bitget Wallet and Ondo, and Trust Wallet's new prediction markets—contributed to trading activity but did not offset selling pressure. BNB maintains a strong market position, ranked #5, with a 24-hour trading volume between $1.77 billion and $2.73 billion and a market capitalization of approximately $120.46 billion to $122.6 billion.