BNB: Bulls Defending Support, But Bears Still Hold ControlBinance Coin / TetherUSBINANCE:BNBUSDTDukesMarketAnalysisThis is the first of two BNB charts today, starting with the daily timeframe before looking at the bigger picture later. Failed Breakout Still Dominates • The failed breakout above the $687 resistance zone continues to define the chart, with the sharp rejection reinforcing the broader bearish trend and producing another lower high. 100/50-Day EMAs Still Bearish • The 100/50-day EMAs remain bearishly crossed, with price continuing to trade below both averages. Until they are reclaimed, the moving averages should continue to be viewed as dynamic resistance. Support Holding... For Now • BNB is attempting to stabilise around the $540-$570 support zone, but bulls have yet to produce a meaningful recovery from this area. Key Resistance Overhead • The first objective for the bulls is reclaiming $570. Beyond that, a break above the $630 resistance zone, which also aligns closely with the 100/50-day EMAs, would provide the first meaningful change of character. Momentum Remains Bearish • RSI remains below 50, while StochRSI sits in extremely oversold territory. Although oversold conditions can produce a relief rally, they do not signal a trend reversal on their own. Summary BNB is attempting to stabilise around the $540-$570 support zone, but the failed breakout above $687 continues to cast a shadow over the chart. The bearishly crossed 100/50-day EMAs continue to reinforce the bearish structure, while momentum remains weak. Bulls first need to reclaim $570 and then break above the confluence of resistance around $630 and the moving averages before the technical outlook begins to improve. Until then, the bears remain in control.