Crypto
BNB Slides to Key Support as Bears Hold Control
Binance Coin (BNB) is trading near $710 after sliding nearly 6% over the past week, under heavy pressure that stretched the prevailing downtrend toward key support zones.
The chart reveals persistent bearish momentum, with oversold signals and resistance still overhead, setting up the week ahead for a crucial test of whether bears can hold control or mean reversion attempts emerge.
According to technical analysis, immediate support stands at $703.62, with resistance at the Ichimoku Kijun level of $716.94.