Binance Coin was rejected at the resistance level of $612.5 and closed below the ascending trendline, indicating a potential downturn. Technical indicators back a downward trend as bearish MACD and RSI align. A daily candlestick close above $612.5 would invalidate the bearish thesis. Binance Coin (BNB) is trading slightly above $578 on Friday after being rejected at a crucial level and closing below the ascending trendline. This breakdown indicates a shift in market structure from bullish to bearish. Technical indicators also support this bearish outlook, showing a bearish crossover that suggests a possible downtrend. BNB is poised for a downturn following break below uptrend line BNB faced repeated rejection at its daily resistance level of $612.5.As of Tuesday, it retested this level, declined over 5% until Thursday, and closed below the ascending trendline (drawn by connecting multiple low levels since early August). At the time of writing on Friday, it trades slightly above $578.7, retesting the trendline breakout level.