BNB Remains in Fourth Place, Price Continues to Decrease

Market Performance of BNB

BNB maintains its position as the fourth largest decentralized cryptocurrency with a market capitalization of 115.3 billion dollars. However, its price has dropped to 837 dollars with a decrease of %2.55 in the last 24 hours.

Trading Volume and Technical Analysis

The token's short-term price movements are showing significant stagnation. Especially during selling periods, sudden increases in trading volume are observed. Technical charts indicate that the price has found support at 830 dollars and it seems difficult for it to reach 845 dollars.

Development of BNB Chain

Nonetheless, the adoption of BNB Chain is steadily increasing. In the third quarter, daily transaction numbers and active addresses have significantly risen. This situation indicates a disconnect between price and fundamentals.