Binance Coin (BNB) Price Analysis for February 5
WikiBit 2026-02-06 11:13
The market keeps going down today, according to CoinMarketCap.Top coins by CoinMarketCapBNB/USDThe rate of Binance Coin (BNB) has dropped by 7.79% over
Crypto
Binance Coin (BNB) Price Analysis for February 5
The market keeps going down today, according to CoinMarketCap.
Top coins by CoinMarketCapBNB/USD
The rate of Binance Coin (BNB) has dropped by 7.79% over the last 24 hours.
Image by TradingView
On the hourly chart, the price of BNB is falling after a breakout of the local support at $672.70. If sellers pressure continues and the daily bar closes far from that mark, one can expect a test of the $650 zone soon.
Image by TradingView
On the longer time frame, there are no reversal signals yet.
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If the daily candle closes around the current prices or below them, the decline may lead to a test of the $600 area over the next few days.
Image by TradingView
A similar picture can be seen on the weekly chart. As bears keep controlling the situation on the market, traders may witness a further drop to the $600 range by mid-January.
BNB is trading at $665.55 at press time.
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