# BNB Nears $740 Moving Average After 3.38% 24-Hour Drop

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/28785
Published: 2026-10-09T07:31:09.000Z
Updated: 2026-10-09T07:31:09.000Z
Section: Investing

> BNB traded at $741.51 at 12:29 a.m. ET on Oct. 9, just above its 50-day simple moving average at $739.60.

BNB fell 3.38% over 24 hours to $741.51 at 12:29 a.m. ET (04:29 UTC) on Oct. 9, leaving the token near its 50-day simple moving average at $739.60.

BNB’s intraday range was $717.07 to $771.88, with 24-hour volume of about $143 million. BNB was also slightly below its lower Bollinger Band at $742.99 and below its 20-day moving average at $773.25.

The $739.60 50-day simple moving average remained the key near-term reference. A close below that level would signal deterioration in the medium-term technical structure. Immediate support stood at $715.64, while stronger support was identified at $688.95.

Resistance levels were placed at $770.45 and $798.57. The 200-day moving average stood at $641.59.