As the cryptocurrency market endures a renewed wave of pessimism, leading digital asset BNB—native token of Binance Holdings Limited—finds itself under acute pressure. A recent article has raised the alarm that BNB’s price may slip all the way down to $600 unless key support levels hold firm.Below, we unpack the situation: what led to the current vulnerability, the technical levels to watch, and what might happen next. Market Context & Immediate Triggers In recent trading sessions, BNB plunged by more than 10 % and slipped beneath a pivotal support at roughly $800 .This drop coincides with the broader crypto market suffering a nearly 11 % contraction in total capitalization, with the global crypto market cap falling to about $2.78 trillion . Large-scale liquidations were recorded: on-chain tracker CoinGlass noted around $2.2 billion of crypto positions were liquidated within 24 hours.The levered and speculative nature of much crypto trading means that rapid declines can ...