$BNB is currently trading near a major demand zone, showing signs of short-term weakness but strong long-term structure.
๐ Technical View
Price hovering around key support: $600โ$650
RSI near oversold levels, hinting selling pressure may be exhausting
A clean break above $690โ$700 could trigger upside continuation
๐ฅ Fundamentals Still Strong
Core utility across Binance + $BNB Chain
Quarterly token burns = deflationary supply
Strong ecosystem activity (DeFi, staking, launchpads)
Institutional & regulatory headlines continue to move price fast
โ ๏ธ Risks
Regulatory uncertainty remains the biggest wildcard
Loss of $600 could open deeper correction
๐ฏ Outlook
Short term: Volatile / range-bound
Midโlong term: Bullish if support holds and resistance breaks
๐ฌ Market is testing patience โ not conviction.
