BNB short-term trend under pressure, technical signals turn red

Looking at the 24-hour performance, BNB has fallen by 1.8%, oscillating within the $915-$942 range, with trading volume significantly shrinking. The key signal comes from the 4-hour candlestick chart—RSI indicator at 58 has turned downward, which usually indicates an upcoming short-term correction. Bearish sentiment is gradually intensifying, and bullish momentum shows clear signs of weakening.

Fundamentally, there are still some supports. The recent 34th quarterly burn has just been completed, destroying 1.37 million BNB, worth approximately $12.77 billion, reducing the circulating supply to 136 million tokens. In theory, this ongoing deflationary expectation should support the price, but market focus seems to have shifted—recent sharp declines in Meme tokens like BNL, WTMLL, and others are dragging down the overall ecosystem's risk appetite.

This is the current dilemma: the fundamental logic remains, but short-term sentiment is severely suppressed by the collapse of Meme coins, leading to a correlated downward move. At the $930 level, caution is advised for deeper correction risks.