Binance has processed 384,000 USDT transactions on Tron, indicating a rise in activity. This surge has positioned Binance Coin (BNB) within a bullish wedge, suggesting potential upward momentum.
Despite a recent decline of 1.5% in BNB, investor confidence remains robust. Analysis shows inflows into Binance have exceeded those of competitors, and new on-chain addresses have increased over 17%.
Market analysis suggests a bullish pattern for BNB, with potential to target 690 USD if upward momentum continues. Although spot market activity has declined, commitment from traders remains.
Leave a Reply