# Forecast for Binance Coin (BNB) Price on February 26
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As per CoinMarketCap, the market is presently experiencing a prolonged downward trend.
## BNB/USD Examination
Binance Coin (BNB) has stayed relatively steady compared to the previous day.
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Examining the hourly chart, BNB’s exchange rate has breached the local support level of $616.85. Should the downtrend persist, a test of the crucial $600 zone is anticipated in the coming day.
On a broader timeframe, bulls were unable to build upon yesterday’s bullish close.
If the scenario remains constant by the conclusion of today, a continued decrease to the $550-$575 range is conceivable in the near term.
It’s premature to formulate any long-term forecasts. However, if the daily candle concludes close to its low without a lengthy wick, the correction may persist to the $500 level.
At the time of this writing, BNB is priced at $614.82.
