$BNB Binance Coin (BNB) has been slipping lower after failing to hold above $600, signaling growing uncertainty among traders. The price has been fluctuating between sharp rejections and weak rebounds, making it clear that the bulls are losing their grip—at least for now.

At the moment, BNB is testing a crucial support zone between $540-$560. If this level holds, it could provide a base for a recovery, potentially setting up another push toward the $600-$620 range. However, if bears remain in control and break below this area, the next downside target could fall near $500, where buyers previously stepped in aggressively.