🚨 $BNB /USDT DROPPING FAST – WHAT’S HAPPENING? 🚨
$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.
---
🔥 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
📉/📈 Trade Plan:
💡 Entry: $636
🎯 Up Targets: $650 | $675 | $700
🎯 Down Targets: $630 | $610 | $580
🛑 Stop Loss: $620
⚠️ Final Thoughts:
BNB must stay above $630 to avoid a bigger fall.
If BTC drops more, BNB will likely follow.
If buyers push BNB above $650, it may recover.