The crypto market experienced a slight downturn on February 7th, with Bitcoin falling below $100k. This selling pressure also affected altcoins like Binance coin, which is now testing a key support level for a potential reversal. Despite the price correction, the BNB Chain ecosystem is evolving beyond DeFi, with advancements in AI, DeSci, and real-world asset projects. BNB coin is currently powering over 5,600 Dapps and has a total locked volume of $3.36B, making it one of the most active blockchains. The growing adoption of Binance coin could impact the demand for BNB. If the support level holds, BNB buyers could revive bullish momentum and potentially drive a rally to $850, a 50% increase. However, a breakdown below the support level would increase selling pressure and potentially lead to a prolonged downfall.



Other News from Today