BNB Price Under Pressure: Will Binance Coin Rebound or Fall Further?

Binance Coin (BNB) is showing signs of weakness as it trades at $581.01, down 1.36% over the last 24 hours. With a market cap of $85.74 billion and daily trading volume of $1.01 billion, BNB continues to be one of the top players in the crypto space. 

BNB Chart (Source Trading View)

However, current market sentiment and technical indicators suggest a cautious approach.

Market Sentiment & Price Action

The overall sentiment remains bearish, with the Fear & Greed Index at 29 (Fear). 

The current price drop shows BNB is still under pressure, likely entering a short-term correction phase.

Technical Levels to Watch

• Support Levels: $570 (short-term), $514 (cycle low)

• Resistance Levels: $600 – $610, then $645
  If BNB fails to hold above $570, it may revisit the $514 zone. However, a move above $645 could open the door for a bullish reversal.

Conclusion: Fall Now, Rise Later?

BNB is likely to fall in the short term if it breaks key support at $570. 

However, its fundamentals remain strong. 

In the long run, once bullish momentum returns and price reclaims $645, BNB could push toward $700 again.