$BNB $570 is not the bottom, more likely the starting point of a new downtrend. In the short term, BNB is highly likely to continue exploring lower levels, with the first target possibly in the $500–520 range.

Technical risks:
Breaking above $700 leads to bankruptcy, with the daily chart forming a dangerous "double top" pattern. Currently, it is holding the critical neckline at $570. Once broken, the downward space will be fully opened.

Rusty gold shovel:
Recently, new tokens launched on Launchpool have generally underperformed, with "initial offering" (APR) yields severely shrinking. The inertial sell-off after the launch is becoming more intense, and the core locking logic of BNB is collapsing.

Ecosystem bleeding:
BNB Chain (BSC) hasn't produced any popular breakout hits in a long time, and funds and on-chain traffic are being aggressively eaten up by Solana and various L2s.

$570 is probably not the bottom; the next target for bears is first seen at $500–520. #BNB