BNB has dropped to a critical support level above 930 dollars.

Recent Developments in BNB Price

BNB price experienced a slight decline in the last 24 hours, falling to $933. The price briefly managed to climb to $974. Despite market pressures, BNB Chain set a new record in October with 82 million active addresses. Additionally, decentralized exchange (DEX) transactions approached $120 billion.

The ability of BNB to stay above the $930 support level may reflect confidence in the network's adoption. However, for the price to break above the $975 level, it may be necessary to pave the way for a return to short-term highs.