$BNB is trading around 589.7, down ~6%, after rejecting near 625 and entering a strong intraday downtrend.

On the 15-minute timeframe, price is trading below EMA(7), EMA(50), and EMA(100), and all EMAs are sloping downward — confirming strong bearish momentum. The chart shows a clear sequence of lower highs and lower lows, with accelerating selling pressure.

The sharp drop toward 587.1 came with strong volume spikes, signaling aggressive seller dominance. Current price action looks like weak consolidation after a heavy dump, not a confirmed reversal yet.

Key Levels to Watch:

🔴 Resistance:

593 – 595 (EMA7 / short-term bounce zone)

605 – 610 (EMA50 area)

615+ (EMA100 / major resistance)

🟢 Support:

587 (recent low)

580 (psychological + next demand)

565 – 570 (if breakdown continues)

Market Outlook:

As long as BNB stays below 595, short-term bias remains bearish.

Losing 587 opens the door toward 580 → 570.

Only reclaiming 610+ would weaken immediate selling pressure.

Trend: Bearish (15m)

Expect relief bounces, but structure still favors sellers until strong reclaim.

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