BNB traded near $636 on the 4-hour BNB/USDT chart from Binance after a sharp selloff from late January highs.
Price fell below the 50-period EMA near $686 and then compressed into a narrowing range.
As a result, the structure now forms a falling wedge, with lower highs and lower lows converging into a tight triangle.
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Meanwhile, volume spiked during the selloff and then faded as price moved sideways, which signals slowing momentum after the drop.
A falling wedge pattern describes a narrowing decline where both trendlines slope down, and therefore price compresses into a smaller range.
Traders track this structure because it often marks a pause after strong selling pressure. However, confirmation depends on how price exits the wedge. In this case, the wedge sits below the 50-EMA, which keeps the broader bias tilted lower.
If the pattern confirms to the downside with a clear breakdown from the wedge, the measured move points to a deeper slide.
Based on the height of the prior drop and the current range, price may fall about 38% from current levels, which places the next major area near the $460 zone shown on the chart.
At the same time, RSI on the 4-hour frame hovers in the low-40s, and therefore it reflects weak momentum rather than a strong rebound setup.
As long as BNB stays capped below the descending wedge resistance and the 50-EMA, downside risk remains the dominant scenario.
BNB Tests $600–$630 Support as Traders Map Rebound Path
BNB traded near $633 on the daily BNB/USDT spot chart on Bitget after a steep February drop pushed price back into a $600–$630 demand zone marked as “strong support.”
The move followed a broad decline from the mid-cycle peak above $1,300, and therefore it resets the market back to a level that previously acted as a base before a large rally.
Price also sits well below the higher resistance band drawn around the $1,240–$1,320 area, which the chart labels as “strong resistance.”
The chart highlights earlier “BOS” markers during the prior uptrend, and then shows structure breaking down as price rolled over into lower highs.
After that, sellers accelerated the drop into the red support box, where candles stabilized around the lower boundary of the recent range.
As a result, this zone becomes the near-term decision point, since a hold can keep price inside a rebound sequence while a breakdown would reopen lower levels.
Trader Broke Doomer, who posts as @im_BrokeDoomer on X, wrote that BNB is “back at $600–$630 strong support,” calling it the same zone that sparked the last explosive move.
He added that he is “watching for a move back to $800+ first” if support holds, while framing the setup as “clear level and clear risk.”
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: February 10, 2026 • 🕓 Last updated: February 10, 2026
