$BNB BNB has entered a significant correction phase in early February 2026, dropping approximately 18.5% in value over the first eight days of the month.
Current Price: Approximately $704 USD (₹58,448 INR).
Market Trend: Strongly bearish. The price fell from a high of ~$864 on Feb 1st, with the sharpest decline occurring on Feb 5th due to a wider market "risk-off" sentiment and heavy liquidations across the crypto sector.
Key Levels: * Support: Traders are watching the $680 - $700 range closely; a sustained break below this could signal a move toward the $600 psychological floor.
Resistance: Immediate recovery hurdles sit at $750 and $800.
Outlook: While long-term utility (Binance ecosystem, launchpads, and auto-burns) remains intact, short-term momentum is suppressed by macroeconomic uncertainty and technical weakness in the 50-day and 200-day moving averages.
BNB/USD 7-Day Performance
The chart below highlights the consistent downward pressure and the "extreme fear" currently dominating the market.