$BNB recently posted an ~8% daily rebound, supported by strong trend strength (ADX)
Price earlier hit a 7-month low, but new wallet growth (1M+ addresses) hints at potential recovery interest
Technical indicators show RSI near oversold (~30) and price below major moving averages, keeping broader trend weak
Analysts highlight resistance near $900–$1,000, with upside potential if momentum strengthens .
Give a latest analysis of bnb coin with pictures
As of February 9, 2026, BNB (Binance Coin) is navigating a period of significant volatility and a broader "risk-off" sentiment in the crypto market. After a strong start to the year, the coin has faced a sharp correction but remains a focal point for institutional interest.
1. Market Performance & Price Action
Current Price: BNB is currently trading around $638 to $770, depending on the specific exchange liquidity. This follows a significant drop from January highs where it was testing the $900 range.
Recent Correction: In early February, the market experienced a massive liquidation event that wiped out over $111 billion from the total crypto market cap. BNB was hit by a double-digit percentage loss during this "extreme fear" phase.
Stability Signs: Despite the sell-off, BNB has shown a 2.35% recovery in the last 24 hours (as of Feb 7-8), outperforming several other altcoins. It remains up approximately 26% year-over-year
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