Binance Coin, Bitcoin, Ethereum and XRP fall as sellers test key support levels

Major cryptocurrencies are facing increased selling pressure, with prominent assets such as Binance Coin (BNB), Bitcoin (BTC), Ethereum (ETH), and XRP experiencing notable declines. Technical indicators across these digital assets show signals that more downside could be ahead if key support levels fail to hold in the short term. Binance Coin, native to the Binance exchange, has failed to maintain its position above the critical $750 resistance zone. BNB is now trading near $696.43, marking a significant pullback from its recent high. The rapid reversal has undermined the short-term outlook for buyers. Following a strong rally from July lows around $545 to an October peak of approximately $810, BNB has recorded a series of lower highs, typically viewed as a sign of fading bullish momentum.

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