BNB falls 15.6% in 72 hours—Why a retest of THIS price level is likely

  • BNB has fallen below its 200-day Moving Average and is likely to face resistance at $600-$615.
  • The 3-day liquidation heatmap revealed a potential retest of the $525 area before a price bounce.

Binance Coin [BNB] has a firmly bearish sentiment in the short-term. This is unsurprising given the swift losses in the past 72 hours.

Since the 31st of January, BNB has dipped by 15.6%, as the losses in the U.S. market have deeply affected the crypto sphere.

BNB was trading just below the $600 level that had been a resistance zone from July to November 2024. The severe short-term losses combined with persistent selling pressure in recent weeks meant that the exchange token was unlikely to make a quick recovery.

BNB sinks below 200-day Moving Average

BNB 1-day Chart

Source: BNB/USDT on TradingView

The market structure turned bearish after the breach of the $649 level on the 2nd of February. Since breaking this level, BNB has descended another 23% to reach $500 before bouncing to $580. The bounce from the local lows was quick, but not accompanied by heavy demand.

The OBV has been trending downward since mid-December, signifying increased selling pressure. This trend has been spotted for many large-cap altcoins. The market-wide bearishness is not conducive to a quick recovery.

Investors can wait for a few days and observe potential range formation. Accumulation signals could inform buyers if bidding for Binance Coin could be profitable in the medium to long term.

BNB Liquidation HeatmapBNB Liquidation Heatmap

Source: Coinglass

In the short-term, another drop below $550 seems likely. The price tends to drift toward the local lows at $500, although it’s unclear if it will reach that level again. 

The build-up of liquidity around $525-$540 over the past ten hours suggests a dip to this area is possible. It could be followed by a bullish reversal, targeting the next magnetic zone at $620.

BNB Weighted Funding RAteBNB Weighted Funding RAte

Source: Coinglass

The Open Interest-Weighted Funding Rate across exchanges dived into negative territory once again. It had done so on the 8th and the 13th of January.

On those days, the price had dipped 3-5% before bouncing higher.


Read Binance Coin’s [BNB] Price Prediction 2025-26


The influx of late short-sellers could form the liquidity overhead that would attract prices. This volatility offers lower timeframe traders plenty of opportunities but would present tricky and volatile conditions for swing traders.

Therefore, allowing another day or two for liquidity pockets to be established before trading them could be a good idea for some market participants.