BNB — Is a 20-30% Drop Still Ahead?Binance Coin / TetherUSBINANCE:BNBUSDTSiDecBreakdown Below Support, Lower Targets in Focus BNB is slowly breaking below key support. The $570 area previously acted as support and is now acting as resistance. For the next move, I'd like to see another leg lower toward the $500 psychological level, which aligns well with the Fibonacci confluence such as the -0.6 fib and 1.618 fib, giving us an overall target of $503.57 and $500. My primary downside target sits between $463.65–$438.43, suggesting there could still be another 20–25% move to the downside before a high-probability long setup develops. Several key confluences line up in this region: Anchored VWAP aligning with the 1.618 Fibonacci extension around $464.65 0.786 Fibonacci retracement at $438.43 Liquidity Zone Educational insight — Anchored VWAP: Anchored VWAP is powerful because it represents the average price of all participants from a specific starting point, rather than just the current session. This makes it especially useful for identifying where larger market participants are likely positioned. When price repeatedly reacts to an anchored VWAP, especially when it aligns with Fibonacci levels it often signals interest zones where liquidity is being defended or distributed. One reason I continue to rely heavily on the Anchored VWAP is its ability to identify support and resistance. In this case, it's lining up almost perfectly with the Fibonacci extension, a confluence that has already produced two clean rejections. Overall, BNB has respected Fibonacci levels remarkably well throughout this cycle. I'll remain patient and wait for price to reach these higher-confluence zones before looking for the next long opportunity. _________________________________ 💬 If you found this helpful, drop a like and comment!a