Binance Coin (BNB) is currently trading below $610 as selling pressure across the cryptocurrency market continues to intensify. Investors are closely watching the asset as it approaches critical support levels, which could influence its short-term price direction. Market observers note that unless BNB reclaims key resistance zones, bearish momentum is likely to persist.
At the time of writing, BNB is trading at $606.42, with a 24-hour trading volume of $1.32 billion and a market capitalization of $82.78 billion. The coin has declined 2.09% over the last 24 hours, indicating intensified selling activity.
Binance Coin Faces Bearish Pressure
As Crypto analyst CryptoPulse stated on February 19, 2026, BNB recently broke below its ascending channel, and the momentum may be shifting. Currently, the coin is testing the $600 to $610 area, which is acting as its immediate support.
If this level does not hold, BNB might fall to the next supporting price range of $500-$520. For the price to move upwards, it will be important to move past the $700 mark to reverse the price trend to bullish territory.
Also Read | Crypto Scams Hit Millions in 2025–2026 Through Pig Butchering and Long-Term Fraud
Binance Coin Shows Weak Momentum
The technical indicators indicate the trend is still weak. The Relative Strength Index (RSI) stands at 33.19, which is below the average of 45.25. This indicates the buying pressure is not strong.
The moving average ribbon indicates a downtrend, as the price of BNB is still below the 20-day simple moving average of $899.04, the 50-day simple moving average of $801.16, and the 100-day simple moving average of $702.37. Although it is above the 200-day simple moving average of $495.18, the gap is reducing.
The momentum indicators support the bearish outlook. The MACD line is at -45.99, which is below the signal line at -50.03. In addition, the histogram is at -4.04. These values indicate a strong bearish trend. Unless a crossover occurs, the outlook for the BNB token will be bearish in the week.
The $600 level will be closely watched by investors and market analysts in the coming days to see if BNB will continue to drop or find a chance to rebound. This area is a crucial point where the coin’s short-term direction will be decided.
Also Read | WLFI Price Prediction 2026-2032: Will World Liberty Financial Reach $1?