CandleFocus BNB Price Targets $700 Amid Rising Network Activity
2025-02-10
Author: Content Editor
The Binance coin (BNB) is showing potential for higher recovery as it gains momentum with a surge in active addresses on the BNB Chain. Data from Token Terminal shows that BNB Chain has become the most active blockchain by daily addresses, reflecting growing adoption and sustained network activity. The recent bounce in BNB price from $557 to $610 indicates price sustainability above the bottom trendline of a rising wedge pattern. Buyers are now looking to challenge resistance at $622, followed by a downsloping trendline, in order to potentially reclaim the $700 level.
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