📉 $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.

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