On February 7, Thursday, the encryption market showed a slight occurrence as Bitcoin price extended to less than 100 thousand dollars. The pressure pressure from the broader market continues to pressure the top of Altcoins like the Binance, which leads it to the main support in a higher time frame scheme. The BNB price shows similar behavior because it re -testing support for a year to reflect the potential reflection.
The most prominent major events:
- Osprey Bnb Chain Trust should recently promote the interest of institutions and retail in the Binance currencies.
- Since December 2023, a long -standing trend of trend has provided buyers suitable for decline to revive the upscale momentum.
- The expected assembly of the BNB price between the resistance can witness $ 640, followed by $ 730,
The BNB series expands beyond Defi despite the withdrawal of prices
Over the past two months, the BNB price has recorded a large correction from $ 793 to $ 573, which represents 28.85 %. In a row, the maximum asset market decreased to $ 83.8 billion, while trading volume 24 hours is $ 1.08 billion.
Despite the remarkable decline, the BNB series continues to develop beyond decentralized financing (Defi), making great steps in artificial intelligence (AI), decentralized science (Desci), and asset projects actually.
In a recent tweet, Satoshiclub It highlighted that the BNB coin is now running more than 5,600 decentralized applications (DAPS) and features a total of 3.36 billion TVLs (TVL), which enhances its position as one of the most active cases.
$ BNB It is used outside Defi, artificial intelligence, decentralized science (Desci), and asset projects in the real world.bnbchain It now has 5600+ DAPPS and $ 3.6 billion in TVL, making it one of the most active Blockchain ecosystem.$ BNB It develops, real dependence occurs. pic.twitter.com/okvwdqpqk
– Satoshi Club (Esatoshiclub) February 6, 2025
The increasing adoption of Binance can directly affect the pressure pressure on the original cryptocurrency, BNB.
Reading balls from the BNB price of regret support
Amid the sale of the encryption market on the third of February, the price of BNB reached $ 500 and re -paved the long support for the rising sorry style. In theory, the preparation of the graph provides two lines for both directions as a dynamic resistance and support for a sustainable march.
If you repeat the date, the BNB buyer can revive the bullish momentum in this support before a great reflection.
Within the hypothesis of the spacious pattern, it can chase the post -opposite march 850 dollars, indicating a 50 % possible growth.
On the contrary, the collapse below the lower direction line of the pattern will intensify the pressure pressure for a long fall.
Also read: Iowa proposes a bitcoin backup bill after New Mexico
