BNB Struggles Amid Market Uncertainty, Key Levels to Watch
BNB is facing selling pressure as the broader crypto market remains volatile. Currently trading around $560, the token has struggled to break past key resistance at $580. If bulls regain momentum, a push toward $600 is possible. However, failure to hold support at $540 could trigger further declines.
Market sentiment remains cautious, with rising bond yields and global economic concerns influencing crypto prices. Traders are closely watching Bitcoin’s movement, as its direction often impacts BNB.
For now, BNB’s next move depends on whether buyers can step in to stabilize prices and break key resistance levels.