$BNB Price action analysis suggests a continued decline in BNB as a result of the rejection of a resistance area at the Fibonacci level twice.

The current correction is partly linked to the overall decline in the crypto market due to the influence of Bitcoin. The support area at $607.16 seems to be pivotal as it could see significant buying activity.

If this level is broken, the decline could extend to $572.85 as investors anticipate an attractive buying opportunity in anticipation of a return of bullish momentum. Confirmation of the trend will depend on market data and Bitcoin movement $BTC .