BNB, the native token of Binance, is currently under bearish pressure as its price trends downward in today’s market session.
📉 Price Update $BNB
Current Price: Around $562 (down 2.8% in the last 24h)
Trend: Lower highs and lower lows forming on the chart
Market Cap: ~$86B
🔹 Technical Outlook
BNB is testing a key support zone near $560. A clear breakdown below this level could open doors for further downside toward $540 – $520. On the upside, strong resistance is seen at $590, and only a breakout above this could bring back bullish momentum.
🔹 Market Sentiment
Investors are cautious amid overall crypto market weakness.
Spot selling and reduced trading activity on Binance are contributing to pressure.
Fear of regulatory developments is also weighing on sentiment.
🔮 Short-Term Prediction
If BNB holds the $560 support, it may attempt a bounce. However, losing this support could accelerate selling pressure and push the coin toward $500 levels in the near term.
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⚠️ Disclaimer: This article is for informational purposes only and not financial advice. Always do your own research before investing.