$BNB is currently forming a corrective structure similar to the Elliott Wave pattern seen in your SOL chart. After hitting a local peak, the price is now moving in a "Wave 3" downward trajectory. Technical indicators like the Fibonacci retracement levels suggest that if the price stays below the immediate resistance, it is highly likely to hit the lower targets near the major support zones. Sellers are dominating the volume, indicating a high probability of a further decline.

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BNB

619.26

+0.20%