$BNB experienced a long liquidation near $602.81, reflecting a downside sweep that flushed leveraged longs and tested a key psychological support area. The $590–$600 zone now acts as a critical demand region where buyers must defend to maintain broader structure. Holding above this level opens rebound potential toward $620 and $645 where prior resistance sits. Long liquidation events often reset momentum and allow cleaner upside moves if demand returns quickly. A decisive break below $590 would weaken the setup and expose $565 as the next downside target. Overall bias is neutral-to-constructive while support holds. $BNB

BNBUSDT

Perp

617.27

+1.78%

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