Binance Coin (BNB) Price Analysis for February 10
Analysis
Price Impact
HighBnb has already dropped by almost 2%, and technical analysis across hourly, daily, and weekly charts indicates significant potential for further downward movement if key support levels at $613.80, $610, $616, and especially $601 are broken, potentially leading to a sharp drop to the $550 zone.
Trustworthiness
MedThe analysis relies on specific technical indicators and price levels from charting platforms (coinstats, tradingview) to predict short to midterm movements. however, it's a technical analysis from a specific publication, and market conditions can change rapidly.
Price Direction
BearishAll presented scenarios across different timeframes point towards a potential continuation of the downtrend. the inability of buyers to seize initiative and potential breaks below critical support levels ($613.80, $610, $616, $601) are strong indicators of further declines, with a significant target at $550 in the midterm.
Time Effect
ShortThe analysis covers immediate hourly chart movements, predictions for 'tomorrow' ($610), and 'soon' ($550 zone) based on weekly bar closures, indicating a focus on short to medium-term price action.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News The market does not seem ready yet for a fast bounce back, according to CoinStats . Advertisement BNB chart by CoinStats BNB/USD The rate of Binance Coin (BNB) has dropped by almost 2% since yesterday. Image by TradingView On the hourly chart, the price of BNB is near the local support at $613.80. You Might Also Like Mon, 02/09/2026 - 15:50 XRP Price Analysis for February 9 By Denys Serhiichuk If buyers cannot seize the initiative and the bounce back does not happen until the end of the day, traders may expect a test of the $610 mark tomorrow. Image by TradingView On the longer time frame, one should focus on the bar's closure in terms of the $616 level. If a breakout occurs, the accumulated energy might be enough for a further drop to the nearest support at $601. Image by TradingView From the midterm point of view, sellers are also more powerful than buyers. If the weekly bar closes below $601, there is chance to witness a sharp drop to the $550 zone soon. BNB is trading at $621.26 at press time. #Binance coin price prediction