$BNB is in full damage-control mode. Price is sitting near $616 after a sharp -11% daily dump, and the move wasn’t gentle — it was liquidation-driven. Once $730 snapped, the market flipped into a forced unwind. No bids, no mercy.
Zooming out, the last 30 days erased ~31%. This confirms one thing: in this cycle, no coin is immune, not even exchange giants.
🔍 Market Read
The chart is ugly — no sugarcoating it.
Major supports are gone, including the $697 zone that many treated as the “last floor.” Momentum indicators are buried deep in bearish territory, and structure is breaking faster than it can rebuild.
Price is sliding toward a death-cross scenario below the 200-day EMA. Even positive headlines aren’t helping — sell pressure is dominating everything right now.
This is not a clean pullback. This is distribution after denial.
🔱 What I’m Watching Next
• Bear continuation: If $610–616 fails on a daily close, downside opens fast. Next magnets sit at $550, then the $500 macro demand zone. That’s where real reactions would matter.
• Relief bounce risk: Any push toward $670–675 without reclaiming $730 is likely corrective. Those levels look more like sell liquidity than a trend shift.
• Bias check: Bulls only regain control above $730 with volume. Anything below that keeps the structure bearish.
🧠 Bottom Line
BNB is trading like a market that lost its floor. Until proven otherwise, rallies are suspect and downside remains the path of least resistance. Watch $616 closely — a confirmed breakdown there shifts focus straight to $550 → $500.
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