CoinWorld news, Binance Coin (BNB) has been in a narrow range for several weeks, with almost no fluctuations exceeding 1% in the past month. But beneath this calm surface, a series of subtle yet significant signals are emerging. From increasing user participation to signs of whale activity, on-chain data suggests that if the right triggering factors align, this consolidation structure may be approaching a turning point for BNB prices. Active Address Count Rises The number of active addresses for BNB has been steadily climbing since early May. After experiencing a decline for most of March and April, participation began to recover, peaking on June 20 with over 1.75 million daily addresses. This is more than just a sign. The increase in active address count indicates broader user interest, which is often the foundation for more sustainable price movements. It suggests that the current consolidation is not entirely hollow; organic participation is growing behind the scenes. Surge in Top 1% Wallets Implies Quiet Accumulation Glassnode data also shows some situations we haven't seen this year: the percentage of supply held by the top 1% of BNB addresses has surged twice. These surges occurred on June 21 and June 28, marking the only significant rise of 2025. These top 1% holders, typically whales or institutional addresses, have been consolidating for months. These sudden movements may point to silent over-the-counter purchases or redistribution. These wallets typically do not chase price surges but build positions when prices are calm. This aligns with the current low volatility price structure of BNB. The 'Top 1%' metric tracks the total supply of BNB held by the largest addresses. The surge here indicates accumulation by the largest holders, and if this accumulation can be sustained, it may herald upcoming volatility. Rising Triangle Formation and Relative Strength Index (RSI) Divergence are Forming On the daily chart, BNB continues to follow a rising triangle pattern, with strong horizontal resistance at the $665 to $693 range. This pattern typically suggests an impending breakout, but only if the structure remains intact. So far, BNB's trading price is close to $661, just below the direct but strong resistance level of $665. If BNB's price manages to break through this level, it would also signal a breakout of the pattern. However, due to the rising triangle pattern having a wide upper trend line formed by multiple horizontal support and resistance lines, BNB's price will need more momentum than just breaking a single resistance level. Here's where it gets interesting. From April 7 to June 22, BNB's price made higher highs while the RSI made lower highs; this is a classic bullish divergence. This divergence suggests that bearish momentum is weakening, even as prices remain stable. Since then, the RSI has rebounded, validating the triangle and increasing the chances of a breakout. If the current sentiment remains unchanged and participation stays high, BNB could be looking at a move towards long-term targets of $686, $696, or even $733. All these bullish structures hinge on one level: $635. Falling below this level would invalidate the triangle and RSI divergence, and could accompany a decline in active addresses or a reversal in whale holdings. That is your danger zone.

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