🚨 Market Update: BNB Dips Below 600 USDT
$BNB has slipped below the key 600 USDT psychological level, triggering increased short-term volatility across the market.
The move comes amid broader crypto market consolidation, with traders closely monitoring liquidity zones and support levels.
📉 Price Action Overview
After struggling to maintain momentum above 620 USDT, $BNB faced selling pressure that pushed the price beneath the 600 USDT mark.
The breakdown of this round-number support has opened the door for a potential test of lower demand zones.
📊 Key Levels to Watch
Immediate Support: 585–590 USDT
Major Support: 560 USDT
Resistance: 600–610 USDT
A swift reclaim of 600 USDT could signal short-term strength, while sustained trading below this level may invite further downside exploration.
🔥 Market Sentiment
Derivatives data shows rising open interest alongside increased liquidation activity, suggesting heightened leverage in play.
Traders are advised to manage risk carefully during periods of elevated volatility.
As always, stay updated with real-time price movements and risk management tools on Binance.
This is not financial advice. Always do your own research before making investment decisions.
