$BNB USDT Faces Rejection Near Key Resistance – Selling Pressure Builds
BNBUSDT has triggered a SELL at 619.890, signaling rejection from a key resistance zone. Price action suggests that bulls are losing momentum after a failed attempt to sustain higher levels, opening the door for a short-term corrective move.
Technical Analysis
BNB is currently trading close to its short-term moving averages, but momentum is weakening. RSI is hovering below the neutral 50 mark, indicating fading buying strength. The MACD shows early bearish crossover signals, hinting that sellers may take control if volume increases on the downside.
Key Levels to Watch
Immediate Support: 610.00 – short-term demand zone
Major Support: 595.00 – strong structure support
Resistance: 625.00 – rejection area
Major Resistance: 640.00 – breakout confirmation level
Market Sentiment
The sentiment has shifted to Neutral to Bearish. Bulls need a strong reclaim above resistance to regain control, otherwise price may continue consolidating or correcting lower.
Strategy Outlook
Chasing trades at current levels carries higher risk. Safer positioning comes with confirmation.
Recommendation: WAIT for either a clean bounce from support or a confirmed breakout above resistance with volume.
Do you see BNB holding the 610 level, or will sellers push it toward the 595 support?
Not Financial Advice (NFA). Always trade with proper risk management and personal research.
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