BNB/USDT Daily Chart Update.

BNB remains inside a descending channel, facing resistance at the upper boundary.

Ichimoku Cloud Resistance: The price is struggling to move above the red Ichimoku Cloud, which may indicate continued bearish pressure.

100MA Rejection: The 100-day moving average (purple line) acts as a strong dynamic resistance.

Bearish Scenario:
If the rejection persists, BNB could drop towards $500-$480, which aligns with the lower channel support.

A confirmed breakdown would extend losses towards $450 and lower.

Bullish Breakout:
A breakout above $663 and the 100MA would increase momentum, potentially targeting $750-$800. A breakout of the descending channel would confirm a trend reversal.

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DYOR. NFA