$BNB has crashed from $720 to $636, dropping 2.89% in the last 24 hours. This big fall has erased recent gains—Is it just a dip, or will BNB drop more?
🔍 Why is BNB Falling?
1️⃣ Big Resistance at $720 – BNB tried to break above but failed, leading to heavy selling. 2️⃣ Leverage Liquidation – Many traders used borrowed money to trade, and when prices fell, their positions were forced to sell. 3️⃣ BTC’s Drop – Bitcoin also crashed, pulling BNB and other altcoins down. 4️⃣ Whale Selling – Big investors moved BNB to exchanges, likely to sell at a high price. 5️⃣ Market Fear – Regulatory news & investor panic made traders sell fast.
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🔥 Key Levels to Watch:
🔻 Support: $630 → If broken, BNB may fall to $610 or $580 🔺 Resistance: $650 → BNB must break this to recover toward $700