**BNB Price Falls to $880 After Sharp Correction: Key Support Region May Signal Local Bottom**

Binance Coin (BNB) price has experienced a steep correction, dropping sharply into the $880 region. This zone represents a critical convergence of key technical support levels, including the point of control (POC) and high-timeframe structural support. As a result, it could serve as a pivotal area that determines whether BNB establishes a local bottom or continues to slide lower.

### Key Technical Levels for Binance (BNB) Price

– **Critical Support:** Around $880, aligned with the POC and major high-timeframe support.
– **Immediate Resistance:** Between $1,000 and $1,020, near the upper boundary of the recent trading range.
– **Market Condition:** Oversold indicators suggest potential for a short-term technical rebound.

BNB’s recent decline has been notably impulsive, erasing several weeks of gains within just a few days. This sharp sell-off has pushed the token into a technical confluence zone around $880, where key support levels overlap. Historically, such confluence zones often act as springboards for short-lived relief rallies.

From a structural standpoint, Binance Coin remains in a corrective phase inside the context of its broader bullish trend. While the aggressive retracement has caused multiple momentum indicators to enter oversold territory, a meaningful bounce has yet to materialize. This dynamic increases the likelihood that the current $880 support level may trigger a technical reaction—at least temporarily—as the market seeks equilibrium following rapid selling pressure.

### What Does Holding $880 Mean?

If BNB manages to close daily trading sessions above $880, it would imply that buyers are successfully absorbing selling pressure and defending this critical demand region. This scenario could spark a rotation back up toward the $1,000 to $1,020 resistance area, where bulls and bears will once again battle for control.

Maintaining the $880 level could also lead to the formation of a local trading range between $880 and $1,020. Such consolidation would allow the market to stabilize before deciding on its next major directional move.

### What to Expect in the Coming Price Action

In the short term, BNB’s ability to hold support above $880 is crucial for any potential recovery. Successfully defending this zone would validate the formation of a local bottom and set the stage for a rebound toward the key resistance near $1,000 and beyond.

Conversely, if BNB fails to sustain support at $880, it would likely confirm the continuation of the corrective phase. This scenario could lead to new local lows before any meaningful reversal unfolds.

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**Summary:** The $880 price region stands as a critical battleground for Binance Coin. Oversold conditions hint at the possibility of a technical bounce, but only sustained support above this level will provide confidence in a short-term recovery. Traders should closely monitor BNB’s price action around this zone to gauge the next potential move.
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