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🚨 Market Alert: BNB Holding Key Level — Bounce or Breakdown? 🚨
BNB is currently trading around $633, showing signs of short-term weakness after rejection near $687 resistance.
📉 What’s happening?
• Price is moving below MA10 & MA30 → short-term bearish pressure
• Strong rejection from recent high → sellers still active
• Support zone forming near $620–625
• Indicators (MACD & RSI) showing weak momentum but possible consolidation
📊 Key Levels to Watch:
🔹 Support: $620 / $600
🔹 Resistance: $650 / $680
⚡ Possible Scenarios:
👉 Bounce from $620 → quick move toward $650
👉 Breakdown below $620 → deeper dip toward $600 zone
💡 Smart traders are waiting for confirmation before big moves — patience is key here.
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