$BNB 🔻Bearish After Failed Breakout, $500 Target in Sight?

$BNB daily chart reveals a bearish scenario after a failed attempt to break the downtrend. Currently at $606 , showing signs of weakness and a potential correction. The failed breakout suggests strong resistance and a possible continuation of the downtrend. The $500.00 level is a key target to watch, representing significant support. However, $BTC's price action will be crucial in confirming this bearish outlook. If $BTC experiences a significant drop, $BNB is likely to follow, potentially accelerating the decline towards $500. Traders should exercise caution and monitor both #bnb and #BTC closely.