$BNB

BNB’s price continues to encounter resistance near the $700 mark, with sellers dominating and thwarting any significant climb past the initial 23.6% Fibonacci retracement level. The sellers have effectively driven the price down to a low of $680. Currently, BNB is trading at $685, reflecting a nearly 1.4% decrease over the past 24 hours.

The BNB/USDT trading pair is attempting to maintain a position above $680 and could potentially break through the 23.6% Fibonacci level if buyers regain control. With the Relative Strength Index (RSI) at 43, just shy of the neutral threshold, BNB may continue to struggle near the $700 level. Should the price rise above $710, it could potentially attract additional buyers.

Conversely, if the price falls below $675, sellers could push it further down towards approximately $660.