$BNB is sharply decreasing to 618.80 (-4.41%) after failing to hold the support level of the ascending triangle.

• Important support: 589.25. If this level is broken, the price may correct further down to 543.60.

• Resistance: 642.10. The price needs to surpass this area to gain momentum to approach the old peak of 687.75.

• Note: The trading volume (24h volume) is quite large, indicating that selling pressure is predominant.

Traders should monitor price action near support levels to look for reversal signals or confirm the downtrend.#BNB‬