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BNB Rally Fades As Price Dips Under $600: Is A Correction Looming?

  • BNB's recent rally is losing steam as the price dips below $600.
  • Technical analysis suggests that selling pressure is increasing and a deeper correction may be imminent.
  • BNB is trading just above the 100-day SMA, which could serve as a key support level.
  • A successful breakout above $605 resistance level could indicate a renewed bullish trend.

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