BNB remains in fourth place, the price continues to decline.

Performance of BNB in the Market

BNB maintains its position as the fourth largest decentralized cryptocurrency with a market value of $115.3 billion. However, its price has decreased to $837 with a decline 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 and that reaching $845 is challenging.

Development of BNB Chain

Nevertheless, the adoption of BNB Chain is steadily increasing. In the third quarter, the number of daily transactions and active addresses have notably risen. This situation indicates a disconnection between price and fundamentals.