The price of Binance Coin (BNB) has been decreasing for four consecutive weeks, dropping more than 20% from its highest level in December. Despite this, the network's fundamentals have remained strong, with a 40% increase in the number of addresses on the BNB Chain in the last 30 days. BNB Chain's transactions have also increased by 3.2%, indicating a healthy network. In addition, BNB is closing the gap with Ethereum in the decentralized exchange industry, handling over $24 billion tokens in the last 7 days. The burning of BNB tokens and the formation of a bullish cup and handle pattern suggest a potential price target of $1,200, a 90% increase.



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