🔥BNB Slips Below 650 USDT — Market Cooling or Setup for Next Move?🔥
Date: May 16, 2025 | Time: 17:42 PM (UTC)
Source: Binance Market Data
Current Status:
BNB is now trading at 649.77 USDT, marking a 1.47% dip in the last 24 hours.
This move drops BNB just under the psychological $650 threshold, raising questions:
Is this a minor correction — or the calm before the next major breakout?
What’s Happening?
Market sentiment has cooled slightly after a bullish week
Volume has thinned — traders are waiting for a clearer direction
Key support levels now lie near 645-640 USDT
A bounce could send it back toward 665+ resistance quickly
What Traders Are Watching:
RSI approaching neutral zone — signaling consolidation
Whale movements and Binance chain activity
BNB's correlation with Bitcoin’s current sideways action
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Is This a Buying Opportunity?
Many seasoned traders see moments like this as prime setups.
BNB remains a top 5 coin, and long-term conviction hasn’t wavered.
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