BNB: Bears Still Control the Bigger PictureBinance Coin / TetherUSBINANCE:BNBUSDTDukesMarketAnalysisFormer support becomes resistance BNB continues to struggle beneath the $580 area, with this former support zone now acting as key resistance. Each rally into this region has attracted renewed selling pressure. Moving averages remain bearish The 100/50-day EMAs remain bearishly crossed, with price continuing to trade below both moving averages. Until this changes, the primary trend continues to favour the bears. Momentum remains neutral RSI is chopping around the 50 level, reflecting the current lack of direction. Meanwhile, StochRSI is climbing from mid-range, suggesting momentum is improving but has yet to become decisive. Support remains important The first level of support sits around $555.59, while a break below this level would increase the risk of another move towards the significant low at $537.25. Bulls need to reclaim $580 A convincing break and close above $580 would be the first encouraging sign that momentum is shifting. Until then, rallies are likely to continue running into overhead resistance. In Summary BNB remains under pressure as price continues to trade below bearishly crossed 100/50-day EMAs and struggles beneath the important $580 resistance zone. Although momentum is broadly neutral, bulls have yet to regain control of the chart. Unless $580 is reclaimed, the risk remains skewed towards another test of $555.59 support, with a break below exposing the recent low around $537.25.