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BNB risks 12% drop after weak ETF launch despite holding key $600 support level

Market News
09 Jun 2026
FXEmpire
View Source
Bearish
pluang ai news

BNB briefly rallied following the launch of VanEck's BNB ETF in the U.S., but the fund attracted only $2 million in net inflows, failing to sustain the rally. The token is now testing the critical $600 support level and could drop 12% to $520 if bearish momentum increases. Despite a 32% loss this year, BNB remains above its 200-week EMA and benefits from Binance's ecosystem, suggesting potential recovery if it holds current support. However, breaking below $600 could lead to a deeper decline toward $400 amid ongoing market and macroeconomic pressures.

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