BNB MAINTAINS SUPPORT WHILE USAGE GROWS AND TRADERS STAY CAUTIOUS
BNB is currently trading around a level that previously signaled a breakout in 2024, according to market data. After retreating from its recent peak, the cryptocurrency is now testing a former resistance zone that has flipped into support.
The digital asset has slipped over the past week, based on recent price data. Details are provided below.
BNB recently climbed to the upper boundary of its ascending channel—the
same level that kept price movement capped through most of 2024 and early 2025. After breaking above it and reaching higher levels, the asset has pulled back to retest the trendline.
This zone lines up with the previous resistance that has now turned into support and sits near the midpoint of the earlier rally. Trading data also shows no signs of heavy selling pressure so far.
On the monthly chart, BNB has returned to a long-term trendline that has remained intact since 2024. According to market watcher Cryptocium, BNB has not closed a monthly candle below this level with strong downward momentum.
BNB Revisits a Strong Bullish Support Level
As November draws to a close, traders are watching closely to see whether this key level will continue to hold.
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BNB Chain’s network activity has also been climbing throughout 2025. Just last month, it surpassed TRON to become the most active blockchain for stablecoin transactions—a shift driven by growing DEX volumes and increased activity following Binance’s trading incentives.
New charts shared by TCC highlight a steady rise in active addresses. From fewer than one million daily users at the start of 2025, BNB Chain has consistently stayed above 1.5 million since July and has occasionally approached 3.5 million. “BNB Chain is quietly climbing,” TCC noted, pointing to stronger on-chain usage even as the token’s price has cooled.
Insights from YZi Labs show that more BNB is moving into self-custody, with exchange balances continuing to decline as users transfer their tokens to private wallets.
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Meanwhile, futures open interest has dropped below its September peak. Both price and open interest have been trending downward since then, reflecting quieter speculative activity. With futures interest still relatively low, many traders appear to be waiting for clearer signals before taking new positions.
FAQs
1. Why is BNB’s current price level important?
BNB is sitting on a major support level that previously acted as a breakout zone in 2024. Holding this level suggests the long-term uptrend is still intact.
2. Did BNB experience a price decline this week?
Yes. BNB has slipped over the past week according to recent price data, though the pullback appears to be a normal retest rather than heavy selling pressure.
3. What does the chart show about BNB’s trend?
BNB recently touched the top of its ascending channel and then retraced to retest the trendline. On the monthly timeframe, it continues to respect a long-standing bullish trendline from 2024.
4. Is BNB Chain seeing growth in network activity?
Yes. BNB Chain has seen a strong rise in usage throughout 2025. Active addresses have consistently stayed above 1.5 million since July and sometimes reach 3.5 million. It also surpassed TRON in stablecoin transaction activity last month.
5. What does futures open interest say about trader sentiment?
Open interest has dropped below its September peak, showing reduced speculative activity. Traders appear cautious and are waiting for clearer market direction before taking new positions.
