#SaylorBTCPurchase Data to consider for the price of BNB.
In just two months, transactions associated with criminal activities have multiplied by eight. The most alarming: over 51% of these operations occurred on the BSC network, which leads among layer 1 blockchains in volume of illegal activity, according to recent data on perpetual trades.
In the last month, the BSC network surprised by positioning itself as a leader in perpetual trades, with over $31.75 billion in volume. This figure not only marks a notable growth but also surpasses daily and monthly activity of networks like Ethereum and Solana.
The daily volume of BNB grew by 12% in the last month, driven by the increase in the number of transactions. In short: more users are using BNB, which has significantly increased the demand for the token.
On-chain liquidity also shows strength. In the BSC network, the circulation of stablecoins surpassed $10.3 billion, reaching its highest level in two years, with an increase of nearly 7% just in the last month.
Interest in BNB futures remains moderate, with a volume of approximately $800 million, still below the record of $1.4 billion reached in December, when the price hit $750.
๐ธResistances to watch:
โซ๏ธ$659: a level that has acted as a barrier. After several failed attempts to surpass it, the price began to retreat steadily.
โซ๏ธ$693: presents itself as the most significant resistance; surpassing it could drive the price towards $700.
โซ๏ธ$732: if the previous level is surpassed, BNB could reach this range, corresponding to the Fibonacci extension level 1.0.
๐ธSupports to watch:
โซ๏ธ$634: if the price rebounds from this level and surpasses the EMA 20, BNB could continue in its sideways range.
โซ๏ธ$625: if the previous level is lost, this area would serve as support against greater selling pressure.
โซ๏ธ$600: strong defense from buyers is expected, especially in the area between $580 and $600.
Currently, the RSI at 30 points brings BNB closer to an oversold zone, opening the door to potential rebounds.
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