$BNB
Binance Coin (BNB) has mirrored the broader crypto market's sharp volatility recently, dropping below $600 on February 6th amid heavy selling pressure and over $2.5 billion in liquidations across leveraged positions. This followed a significant correction from its all-time high above $1,370 in late 2025. However, BNB staged a strong rebound, surging over 5-8% in the last 24 hours to trade around $655–$658 (with peaks near $668), currently showing a market cap exceeding $89 billion and robust 24-hour volume above $3-5 billion. This bounce indicates buyers defended key oversold levels aggressively, though the token remains down roughly 23-27% over the past week and over 50% from its peak.
Short-term outlook is cautiously bullish with reversal signals on the candlestick chart. The price action formed a deep dip followed by strong green candles reclaiming ground above $630-650 support, suggesting seller exhaustion after the panic drop. Momentum could push higher if it holds above $660-670, targeting $700+ resistance; a failure might retest lower supports near $600 or below amid ongoing market caution.
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