🚨 $BNB Under increasing selling pressure... Is it approaching $620? 📉
BNB continues to decline sharply, trading near $634 after losing a key support level amid mounting selling pressure.
On the 15-minute timeframe, bearish momentum is clearly visible, with sellers continuing to outperform buyers.
🔻 Bearish scenario:
A break below $630 could pave the way for further declines toward:
- First target: $625
- Second target: $620
🔺 Bullish scenario:
Reclaiming the $640–$645 zone and holding above it could give buyers a chance to regain momentum, with $650 as the target.
For now, sellers remain in control, and I’m monitoring price action for confirmation of the next direction.
🔥 Will we see BNB drop toward $620, or will buyers surprise us with a strong bounce toward $650?
⚠️ Technical analysis, not investment advice. Always be sure to manage your risk.$BNB
BNB continues to decline sharply, trading near $634 after losing a key support level amid mounting selling pressure.
On the 15-minute timeframe, bearish momentum is clearly visible, with sellers continuing to outperform buyers.
🔻 Bearish scenario:
A break below $630 could pave the way for further declines toward:
- First target: $625
- Second target: $620
🔺 Bullish scenario:
Reclaiming the $640–$645 zone and holding above it could give buyers a chance to regain momentum, with $650 as the target.
For now, sellers remain in control, and I’m monitoring price action for confirmation of the next direction.
🔥 Will we see BNB drop toward $620, or will buyers surprise us with a strong bounce toward $650?
⚠️ Technical analysis, not investment advice. Always be sure to manage your risk.$BNB