$BNB has encountered sharp overhead rejection on the hourly chart, flashing a sudden bearish breakdown after a strong vertical spike. The price aggressively pushed toward a local high of 671.97, but sellers immediately stepped in, triggering a rapid sell-off that completely wiped out the gains of the breakout candle and dragged the asset down to 659.43. This intense rejection and the subsequent long upper wick indicate heavy distribution pressure at higher levels, suggesting that the market lacks the immediate buying interest needed to sustain upper liquidity bands and may look to test deeper structural support.

Target 1: 656.00

Target 2: 651.00

Target 3: 645.00

#BNB #BinanceCoin #CryptoTrading

BNB

662.75

-1.18%