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Binance BNB Struggles at $600: Will Bears Push Below $580?

  • Binance Coin (BNB) is struggling to maintain its value at the $600 level, with the possibility of a dip below $580.
  • Technical indicators suggest a potential breakdown of the $580 support level as bearish pressure increases.
  • Derivatives market data shows increased long positions for BNB, indicating growing bullish sentiment.
  • VanEck has filed for a BNB ETF, which could drive fresh capital inflows and help boost BNB price.

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