Binance Coin (BNB) is indicating a strong rebound after testing its major support level of $730, suggesting that there is some relief for investors in this volatileBinance Coin (BNB) is indicating a strong rebound after testing its major support level of $730, suggesting that there is some relief for investors in this volatile

Binance Coin (BNB) Rebounds from $730 Level Moves Toward $900

3 min read

Binance Coin (BNB) is indicating a strong rebound after testing its major support level of $730, suggesting that there is some relief for investors in this volatile cryptocurrency market. Analysts have noted that the coming days will be crucial for BNB to hold on to this momentum or face further losses.

At the time of writing, February 2, 2026, BNB is trading at $772.60, with a 24-hour trading volume of $4.01 billion and a market capitalization of $104.59 billion, according to CoinMarketCap. The coin recorded a modest 2.97% gain over the last 24 hours, reflecting cautious optimism among investors.

image.pngSource: CoinMarketCap

Binance Coin Shows Strong Rebound

A well-known crypto analyst, GainMuse, highlighted that BNB has recently bounced from a critical support channel, which is a strong indication that a sharp reversal is imminent, which could happen in a matter of weeks.

image.pngSource: X

GainMuse further explains, “The bounce from the $750-$800 support zone is a clear sign that buyers are entering the market. If this trend is maintained, then the next price target is $880.”

Also Read | AVAX Decline Signals Bullish Reversal, Long-Term Target Set at $120

BNB Approaches Key Support

Meanwhile, another analyst, Whale Factor, has pointed out that Binance Coin is currently at a “do or die” point, as it has been resting on a major support of $730, which has been a strong point since August. However, the recent sell-offs have put pressure on the BNB price.

image.pngSource: X

There are two possible scenarios for BNB in the coming days. First, if the coin continues to have support and maintain its upward trend, it may rise above $900 and regain some lost ground.

This will be a positive turn for the coin after a series of losses. Second, if the coin closes below $730 daily, it may fall rapidly to the $650 support area.

Analysts are keeping an eye on the 4-hour candle, advising investors to be patient and observe the market. “This is a pivotal moment for BNB. Investors should focus on key levels before making major moves,” Whale Factor said.

As BNB moves through these critical support levels, investors and cryptocurrency enthusiasts alike are watching to see if this cryptocurrency will be able to sustain a strong rally.

With strong support levels at $730 and target levels at $900, the coming days will be very important for the short-term trends of Binance Coin.

Also Read | ONDO Near $0.30 Zone Could Trigger Major Recovery

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

Vitalik Buterin Challenges Ethereum’s Layer 2 Paradigm

Vitalik Buterin Challenges Ethereum’s Layer 2 Paradigm

Vitalik Buterin challenges the role of layer 2 solutions in Ethereum's ecosystem. Layer 2's slow progress and Ethereum’s L1 scaling impact future strategies.
Share
Coinstats2026/02/04 04:08
USAA Names Dan Griffiths Chief Information Officer to Drive Secure, Simplified Digital Member Experiences

USAA Names Dan Griffiths Chief Information Officer to Drive Secure, Simplified Digital Member Experiences

SAN ANTONIO–(BUSINESS WIRE)–USAA today announced the appointment of Dan Griffiths as Chief Information Officer, effective February 5, 2026. A proven financial‑services
Share
AI Journal2026/02/04 04:15
China drops Google antitrust case as U.S.-China talks focus on TikTok and Nvidia

China drops Google antitrust case as U.S.-China talks focus on TikTok and Nvidia

The post China drops Google antitrust case as U.S.-China talks focus on TikTok and Nvidia appeared on BitcoinEthereumNews.com. Beijing is shelving its antitrust case against Google, as the United States and China ramp up negotiations over TikTok and Nvidia during a tense period in relations. People briefed on the matter said China’s State Administration for Market Regulation chose to end the competition inquiry into Google, a status in Chinese called “zhongzhi”, the Financial Times reported on Thursday, The FT added that Google has not yet received formal paperwork confirming the closure of the case. After talks with Chinese counterparts in Madrid, U.S. Treasury Secretary Scott Bessent said a September 17 deadline that could have disrupted the popular social media app in the United States pushed negotiators toward a possible agreement. He noted the deadline could be extended by 90 days to finish the terms, without giving specifics. Bessent said that when commercial details are made public, the arrangement would keep cultural features of TikTok that Chinese negotiators want to protect. “They’re interested in Chinese characteristics of the app, which they think are soft power. We don’t care about Chinese characteristics. We care about national security,” Bessent told reporters at the close of two days of meetings. Trump hinted at possible Chinese stake in TikTok Asked whether China might hold a stake, former President Donald Trump said, “We haven’t decided that but it looks to me, and I’m speaking to President Xi on Friday, for confirmation of that.” A Trump has said the platform aided his re-election last year, and his personal account counts 15 million followers. The White House launched an official TikTok account last month. Any deal may still need approval from the Republican-led Congress. In 2024, Congress passed a law saying TikTok must be sold because of worries that China could access U.S. user data and use it for spying or influence. The Trump administration has…
Share
BitcoinEthereumNews2025/09/18 14:08