📉 $BNB /USDT Pullback Analysis
Current Price: $597
24H High → Low: $620 → $596
24H Change: -2.6%
$BNB faced strong rejection near the $615–$620 resistance zone, leading to a sharp intraday pullback toward the $596 support area.
🔎 Why Did BNB Dump?
1️⃣ Resistance Rejection
Price failed to hold above $615, triggering profit-taking and short-term sell pressure.
2️⃣ Market-Wide Weakness
When $BTC consolidates or pulls back, large-cap altcoins like BNB often follow.
3️⃣ Liquidations
The sharp drop toward $596 suggests possible long liquidations, increasing volatility.
4️⃣ Volume Spike
High sell volume confirms aggressive sellers stepped in near resistance.
📊 Key Levels to Watch
🔹 Immediate Support: $596
🔹 Next Support: $580–$585
🔹 Resistance: $610 → $620
📌 Scenario Outlook
✔️ If $596 holds → Bounce toward $610 possible.
❌ If $596 breaks → Deeper correction toward $580 likely.
BNB remains structurally strong on higher timeframes, but short-term pressure is visible. Manage risk carefully in this volatile zone.