BNB briefly drops below $800, Binance Chain trading volume surges, is a recovery signal brewing?
Recently, BNB briefly fell below $800 due to market fluctuations, sparking intense discussions in the market about its recovery potential. Despite the price pullback, trading activity on the Binance Chain has reached new highs, showing strong participation confidence from users and developers.
According to technical analysis, a key support level is around $795; if it holds, it may trigger a rebound. A breakthrough above $800 could potentially reach the $815-$830 range.
Conversely, if it loses support at $787, it may pull back to $775.
Although short-term adjustments are inevitable, the activity level in the Binance Chain ecosystem remains very high, and both the financial aspect and user participation are still strong. I am optimistic about BNB's medium to long-term recovery potential.
Focus on key support and seize layout opportunities during pullbacks.
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