BNB chain, Binance Exchange blockchain, saw a surge in developers’ activity. This can have a positive effect on the BNB, the price of his native token in order to reach new ones in the time.
The data from the Santiment blockchain analysis platform show that the BNB chain is next to Ethereum. The BNB chain boasts mass events of developers 463.8 thousand (an increase of 9.23% in 24 hours). The Ethereum and BNB are followed by the networks of the landfill, arbitrator and optimism.
Cryptorank data also indicate that over the past 30 days, the total active unique addresses have reached 37.4 million (USDT accounts for 29.7 million). It is noteworthy that 72% (21.5 million) of these active addresses are on the BNB and Tron circuit. The landfill almost doubles the Ethereum address.
The main reason for this activity is the debut of the meme. The popularity of the decentralized exchange of Budakeswap (DEX) also contributes to the popularity of the splash. Changpeng Zhao broccoli, based on his dog, and TST Meme Token’s debut also increased the popularity of BNB Chain.
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BNB price consolidation, recovery signs appear
Studying the daily diagram from TradingView, BNB is consolidated. This phase of consolidation follows a recent descending trend. However, recovery signs appear. Currently, the price is $ 658.25, which is 1.66% over the last day.
Bollinger strips (BB) show BNB, are traded between $ 560.53 (lower strip) up to $ 708.04 (upper strip). The middle strip, according to 634.28 US dollars, acts as dynamic support/resistance. BNB is trying to stabilize over this middle strip. This hints at a possible bull breakthrough if the impulse supports. Nevertheless, the inability to violate the upper resistance at the level of $ 708.04 may mean further consolidation.
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The relative force (RSI) index, the impulse indicator, is currently 51.71. This reading is almost neutral than 50. This suggests that the BNB is not bought and not resold. Nevertheless, a small slope up indicates a certain pressure of the purchase.
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