BNB -chain’s native token (Bnb) kept steady near $ 660 and changed in a narrow band of less than 1% over the last 24 hours. The lack of volatility emphasizes a consolidation pattern.
BNB deals with $ 659.61, only 0.5% down for the day when buyers repeatedly stepped around $ 659.45. Sellers meanwhile blocked progress in addition to $ 664.38, a price ceiling that dealers look at as a potential starting pad for a breakout whose macroeconomic pressure facilitates, according to Coindesk Research’s technical analysis model.
Data on the chain points to mixed mood among traders. Financing rates, the fees paid between traders in perpetual futures markets, are sliding lower, a signal that dealers are uncovered rather than chasing Bitcoin’s recent rally over $ 109,000.
Nevertheless, corporate recording is growing, with NASDAQ-listed chip market Nano Labs recently acquiring around $ 50 million worth BNB as part of its plan to own as much as 10% of Cryptocurrency’s global supply.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
