BNB Price News: High Volatility and Thin Volumes Could Easily Break $600 Support

BNB (BNB) has suffered a 29% loss since the year started, but has been hovering above the $600 for days.

This key support area has held thus far, but volatility has spiked to the highest level in nearly a year, increasing the odds of a major move ahead.

Trading volumes remain quite low, with only $1.9 billion worth of BNB exchanging hands in the past 24 hours. This figure accounts for just 2.3% of the token’s circulating market cap and indicates weak interest in the asset.

Volumes Dry Up as BNB Stalls Above $600

On-chain data from CoinGlass shows that open interest (OI) in BNB futures has declined to its lowest level since July 2025, back when the price started to rally toward its current all-time high.

Trading volumes have also dropped to their lowest level since then, indicating little participation at a point when the price action appears to be stalled.

These are the conditions that typically set the stage for a massive move.

As the prevailing trend is bearish, the most likely scenario would be a drop below the $600 support to flush out optimistic traders who have opened a long position with the expectation that BNB has hit a potential local or cycle bottom.

Volatility Spikes to Fourth-Highest Level in 5 Years

Data from Santiment shows that BNB’s 4-week volatility has spiked recently, printing the four-highest reading of the past 5 years.

The last time this happened, BNB stood at $600 an dropped to $500 shortly afterward. In previous instances, the opposite occurred, as BNB rose from $200 to $325 in just two months. Volatility works both ways.

At this point, we can either be about to see a major spike upwards that squeezes out bears, or another flush-out that evaporates whatever remaining long positions are still out there.

BNB Eyes Rally to $800 or Drop to $520 Depending on What Happens Next

Looking at the daily chart, we can see the most likely targets in case of either an upward or downward move.

First, if the price bounces strongly off the $640 level, it is highly likely that we’ll see a relief rally that pushes BNB to around $800.

This resistance level coincides with both a structural price area and the 200-day exponential moving average (EMA), increasing its technical relevance.

In contrast, if the price breaks below the $600 area, we may see BNB dropping to $520, meaning a 13% downside risk.

The Relative Strength Index (RSI) is currently on a mild uptrend, and the oscillator has moved above the 14-day moving average. However, it is still too early to call this a “buy” signal as momentum remains bearish at 39.

Signals System Says “Buy”

We have received five different signals in the 4-hour time frame above the $600 support. For now, we would ignore any sell signals and preferably focus on “buy” signals as the price is hovering above a key support.

These are “decisional” candles that feature high volumes and specific candle patterns. They could anticipate a strong rebound for BNB.

We got one of these on Wednesday. This one is currently at a loss as the price retreated. The stop price could be set below the nearest low, while the first take-profit level could be $750. This gives us a 2.6x risk-reward ratio.

Let’s see how this one plays out during the weekend. Stay tuned.