BNB Chain’s daily active addresses and transactions have reached multi-month highs, indicating stronger utility and engagement. Traders are witnessing a significant increase in derivatives trading volume despite the price hovering around 654.03 USD, reflecting merely a slight weakness.
The Long/Short Ratio reveals cautious optimism among traders, with resistance at 700 USD potentially paving the way for a bullish breakout. However, a rejection could reinforce support at 625 USD, emphasizing the importance of maintaining this level for market stability.
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