BNB price near breakthrough while ticking upper rivals on key metrics

Binance’s mint is at the top of a large beech break after the formation of a giant cup and the calculation of addresses and continues to exceed top competition on key network metrics.

Binance coins (Bnb) She climbed to High $ 690 on Monday, the highest level of 10. February. This move represents almost 40% gain from the lowest point this year.

The third parties data show that the BSC chain protocols increased by 170% in the last seven days Over $ 16.7 billion. Opposite, Etherum (El) Protocols were processed over $ 16.7 billion in the same period. They jumped to $ 6.65 billion, $ 8 billion, and $ 3.9 billion, respectively, respectively, respectively.

Meanwhile, Nansen data emphasizes the increase in network use. The number of active addresses jumped by 46% to 7.67 million, transactions increased by 62% to 51.9 million, and weekly fees increased by 46% to $ 4.5 million.

Solana transactions increased by 4.6%, while the throne (Twitch), Near Protocol (Nearby) and aptos (Preference) He jumped for less than 10%. These numbers mean that the BNB chain was the fastest growing chain in the crypt industry.

More data shows that investors continued to add BNB tokens to their older pools. There was a net increase of 126k BNB in ​​the last 30 days in the last 30 days worth $ 83 million, bringing the total cover to put 20 billion dollars.

Technical analysis price BNB Price

The weekly chart shows that the BNB trades within the growing channels several months and continues above the 100-week exponential average average average, enhancing sign indicating a sustainable momentum.

Knosno, BNB formed a pattern of glass and handle, continued setting. The above sample resistance is $ 652, and the depth cup is estimated at 72%.

According to the Technical Convention, the target goal in C & H Setup is calculated by designing the depth of the cup above the upper limit. If this formation is expelled, BNB could be a gathering towards 1,121 dollars, a level that indicates the next bigger target target for bulls.