$BNB /USDT Analysis: Critical Breakdown Below $700 .. Check it hit our both previous Targets and now down to $695 ...
$BNB is trading at $693.80, showing a 1.57% decline in the past 24 hours, with increased selling pressure pushing the price to its 24-hour low of $690.00. After peaking at $719.99, BNB faced strong rejection, breaking below the key $700 psychological support level. The sudden volatility reflects bearish sentiment as trading volumes reached 321,588.06 BNB within the day.
Technical indicators highlight a bearish reversal as momentum falters. The immediate support to watch lies at $688.50, while resistance at $710.49 could cap any recovery attempts. A failure to hold the $690 support may trigger further downside, potentially testing lower levels around $680. Traders should exercise caution, as market sentiment remains fragile, signaling potential for heightened volatility.
