$BNB Facing Short-Term Selling Pressure
$BNB recently ran into heavy resistance near $648, where sellers stepped in aggressively and forced a sharp pullback toward the $624 support zone. That rejection wasn’t random — it confirmed that bears still control the short-term momentum.
Right now, BNB is hovering around $630, attempting a mild rebound. Buyers are trying to stabilize the price, but the recovery remains fragile. For any meaningful upside, bulls need to reclaim $635 first. If that level flips into support, the door could reopen for a move back toward $645–$650.
However, the risk remains on the downside. If $624 support gives way, the structure weakens further and price could quickly slide toward the $610–$600 liquidity zone.
Key takeaway:
The market isn’t bullish yet — it’s simply pausing inside a short-term corrective phase after the rejection. Until buyers reclaim higher resistance levels, the pressure on BNB remains tilted to the downside. 📉
