$BNB is sitting at one of those classic decision zones where the chart stops being noisy and starts revealing intention. After tapping the intraday high near 629, sellers stepped in quickly and pushed price back toward the 624–625 area. What matters here isn’t the drop — it’s the reaction. Buyers didn’t panic. They absorbed it. That usually means this range is being negotiated, not abandoned.
Right now the market is compressing between roughly 624 support and 629 resistance.bnb Each time price dips into 624, bids appear. Each time it approaches 628-629, supply pushes back. This kind of behavior often precedes expansion because liquidity is building on both sides. The longer price stays trapped, the stronger the eventual move.
If bulls manage a clean reclaim above 629 with acceptance, momentum traders will likely chase and the move can extend fast toward the low 630s first, then potentially the 640 region bnbas shorts get squeezed. But if 624 breaks decisively, the structure changes — that would signal buyers are no longer defending and opens a slide toward 615 where the next meaningful support sits.
So the market isn’t weak — it’s deciding. Right now BNB is less about direction and more about patience. The breakout, not the prediction, is the trade.