BNB Chain Coins Recorded A 24H-Downturn Following BROCCOLI Memecoins Hype
Price Drops on BNB Chain: Following a surge in activity due to the creation of memecoins after Binance's CZ revealed his dog's information, various tokens on the BNB Chain experienced significant price drops, with TST down over 32% and CAKE down over 16%.
Increased Activity and Fees: The BNB Chain recorded peak activity on February 13, surpassing Solana in transaction fees, with over $5.8 million generated, while daily active addresses reached 1.7 million and transactions spiked to 8.5 million, largely driven by PancakeSwap's trading volume.
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Technical Analysis for BNB
Technical Sentiment Analysis for BNB (BNB) As of , BNB (BNB) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BNB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BNB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
BNB (BNB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 351.435 | 460.747 | 571.095 | 680.407 | 790.755 | 900.067 | 1010.415 |
| Fibonacci | 460.747 | 544.657 | 596.497 | 680.407 | 764.317 | 816.157 | 900.067 |
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