Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of newscrypto24.com’ editorial.

B inance Coin extended its weekly decline on November 17, dropping after a pullback in the last 24 hours, according to market data. The cryptocurrency traded firmly below a key psychological level, reflecting broader market stress across large-cap digital assets.

Binance technicals— The token’s market capitalization fell while 24-hour trading volume jumped significantly, indicating intensified selling pressure, according to trading data. The chart below shows a loss of momentum throughout the last few weeks, with a sequence of lower highs and lower lows confirming a persistent downtrend.

The dip comes amid growing scrutiny of Binance, especially after its founder, Changpeng Zhao, received a controversial pardon from President Trump, raising questions about potential pay-to-play allegations.

Price action has consistently struggled to reclaim a key resistance zone, which was once a significant support level, according to chart data. The late-session drop reportedly pushed Binance Coin to its lowest point since early November.

Technical indicators, including the Relative Strength Index (RSI), showed weakening bullish momentum, although it hasn’t yet entered oversold territory. Throughout the week, the RSI failed to break above mid-range levels, signaling that buyers have been unable to regain control.

Summary

• Binance Coin extended its weekly decline on November 17, trading below a key psychological level as market stress impacted large-cap digital assets.
• A jump in 24-hour trading volume amid falling market cap indicated intensified selling pressure, while technical analysis showed a persistent downtrend with lower highs and lows.
• RSI indicators showed weakening bullish momentum, signaling potential continued bearish sentiment unless a price rebound occurs above a key resistance level.