Binance Coin $654.09 (BNB), with the influence of global market volatility and trade tensions on the agenda, lost approximately 4 %in the last 24 hours. The price of the BNB decreased from $ 672,53 to $ 646.27, while sales have gained momentum especially during high -volume trading hours.
BNB Coin
The fact that US President Donald Trump maintains customs tax threats caused a new trade war concern in global markets, led to fluctuations in financial markets. Crypto money markets were also affected by these developments, while the price of the BNB has a significant decrease. SEC’nin, Binance and Changpeng Zhao’ya voluntarily dropped the case on the market was insufficient to curb the decline on the market.
In the relevant case, it was claimed that Binance has facilitated the unregistered securities purchase and sale, which has remained an element of uncertainty above the stock market for nearly two years. Although the last step of the SEC is considered as a positive development, the impact of global economic developments on BNB was more dominant.
Recent Developments in Bnb Chain
The BNB Chain ecosystem took part in a remarkable activity last week. Binance Smart Chain reached 1.93 million daily active users, while OPBNB exceeded 2 million. The total weekly transaction volume was recorded at 69.75 billion dollars and the total amount of locked assets is $ 10.5 billion.
New projects were implemented in the ecosystem. These include Uptop, which offers decentralized finance products, and Weape By Wello, which offers innovation in Volare Finance and Stablecoin payments. The network also launched an incentive program for real world assets, launched an artificial intelligence -supported boat, and integrated Maxwell Hardform, which provides faster block times, into the test network.
Price Movements and Technical Analysis
Technically, the BNB has a high -volume resistance area of $ 669.68. After a few attempts, where the upward movements could not be maintained, the price quickly declined. High transaction volume sales reached 100,471, especially at 16:00, and created a strong level of resistance. In the second intensive wave of sales in midnight, the volume was 81,409 and the price went below 650 dollars.
Prices created a modest support in the range of $ 646-648. In the short term, a rising tendency to support on the hourly graph of the BNB was observed, while the overall market appearance continued to remain downward. While the abortions shifted even further, the lower peaks supported the down trend.
BNB’s recent price movements have once again demonstrated its sensitivity to global market and economic developments. In addition to external factors such as customs duties, technical and project -based innovations in the ecosystem showed short -term positive effects, but they were not decisive on the general trend. For investors, it is recommended to closely monitor both regulation developments and global economic events.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
