{"id":16522,"date":"2025-11-24T17:42:34","date_gmt":"2025-11-24T17:42:34","guid":{"rendered":"https:\/\/bitunikey.com\/news\/binance-coin-price-nears-death-cross-as-bsc-transactions-plunge\/"},"modified":"2025-11-24T17:42:41","modified_gmt":"2025-11-24T17:42:41","slug":"binance-coin-price-nears-death-cross-as-bsc-transactions-plunge","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/binance-coin-price-nears-death-cross-as-bsc-transactions-plunge\/","title":{"rendered":"Binance Coin price nears death cross as BSC transactions plunge"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Binance Coin\u2019s price remains in a technical bear market after falling nearly 40% from its year-to-date high.<\/p>\n<div id=\"cn-block-summary-block_8c3861eec021c34d421d58cc57bf6c63\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Binance Coin price has plunged by 40% from the year-to-date high.<\/li>\n<li>The coin is about to form a death cross pattern on the daily chart.<\/li>\n<li>Nansen data shows that the number of transactions has plunged.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Binance Coin (BNB) traded at $847 on Monday, a few points above its lowest level this month. This crash has brought its market cap from nearly $190 billion to $116 billion today.\u00a0<\/p>\n<p>The BNB price has plunged amid the ongoing crypto market crash<strong> <\/strong>that has affected Bitcoin (BTC) and most altcoins. It also happened amid deteriorating fundamentals in its network.\u00a0<\/p>\n<p>Data compiled by Nansen shows that the number of transactions on the BSC Chain has plunged by 63% in the last 30 days to 486 million. This is its worst 30-day drop in months.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The number of active addresses in the BSC Chain has dropped by 2.9% in the last 30 days to 36.5 million. Most importantly, the network\u2019s fee collection dropped by 72% to $19.2 million.\u00a0<\/p>\n<p>BSC\u2019s activity is a sharp contrast to that of other chains in the crypto industry. Base\u2019s transactions jumped by 108% in the last 30 days to 397 million, while Polygon and Avalanche soared by 80% and 54% to 135 million and 62 million, respectively.\u00a0<\/p>\n<p>More data shows that, while the amount of stablecoins in the BSC Chain rose to $14.2 billion, the adjusted transaction volume dropped by 34% in the last 30 days to $204.2 billion.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Binance Coin price technical analysis<\/h2>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">BNB price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily chart shows that the BNB price has remained under pressure in the past few months. It has plunged from the all-time high of $1,377 to the current $850.\u00a0<\/p>\n<p>The coin is hovering at the 61.8% Fibonacci Retracement level. Worse, it is about to form the risky death cross pattern, which happens when the 50-day and 200-day Weighted Moving Averages cross each other.<\/p>\n<p>In this case, the 50-day WMA is at $982, while the 200-day WMA is at $930. Also, the coin has dropped below the Supertrend and the Ichimoku cloud indicators.\u00a0<\/p>\n<p>Therefore, the most likely BNB price forecast is bearish, with the next key target being at $695, the 78.6% retracement level. This target is about 18.2% below the current level.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Binance Coin\u2019s price remains in a technical bear market after falling nearly 40% from its year-to-date high. Summary Binance Coin price has plunged by 40% from the year-to-date high. The&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4909,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=16522"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16522\/revisions"}],"predecessor-version":[{"id":16523,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16522\/revisions\/16523"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4909"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=16522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=16522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=16522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}