Binance (BNB) Price Prediction: Buyers Need To Turn $700 A Key Support To Continue Rallying

It is the third weekend of February, and things are still somewhat dicey. Almost all coins have suffered significant percentages. As a result, investors are currently on edge. While January was favorable for most coins, February was a whole other conversation. In January, Binance broke the $500 mark and shot up to $700 in 10 days.  

A sudden and abrupt reversal soon subsided this meteoric rise. If not for the support level located at $600, which is well-defended by buyers, the coin price would have fallen hard. Currently, BNB’s price is hovering just under the $700 resistance. Therefore, there is some hope for BNB at the moment. 

The Resistance Level 

The $700 resistance is key for BNB at the moment. As a result, when the pricing of the token went above this level, sellers came in hard and managed to push the price under the $700 mark. This was an important move, as adhering to the given resistance level will help the token maintain a sense of stability. However, sources suggest that buyers can attempt to create another breakout.  

Before BNB reached the $700 mark, the buying volume increased gradually and remained sustained for a while. However, as soon as the price broke the $700 mark, sellers dominated with a high daily volume. Some sources like Cryptonews suggest that this BNB liquidation recorded one of the highest daily volumes in 2025. As a result, this has put a pause on the rally. Therefore, buyers will have to turn the $700 mark in a key support area to continue. Follow for more crypto news.