$BNB Binance Coin (BNB) has recently shown mixed signals, leaving traders on the edge as they watch for short-term movement clues. Currently,

BNB has been fluctuating between support at around $590 and resistance points at $605 and $612.

This consolidation suggests potential for both upward and downward moves, with many eyeing a breakout or pullback from these key levels.

$BNB manages to break above $612, it may push toward higher resistance at $620 or even aim for previous highs around $638.

However, on the bearish side, should $BNB dip below $590, it could test lower supports near $570, potentially sparking further declines depending on broader market sentiment.

Technical indicators like the MACD are showing signs of losing bullish momentum, while the RSI also indicates a slight tilt in favor of sellers.

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