BNB, the token that drives the BNB chain and can be used for rates discounts on the cryptographic exchange leader, fell more than 2% in the last 24 hours in the middle of a broader decrease in the cryptocurrency market.
The feeling in the industry remains poor, with the cryptographic fear and greed index now in 41, a neutral level close to fear of fear, while the average relative force index (RSI), a technical indicator, points to overall levels according to CoinmarketCap.
The Token slid of $ 1,025 by just under $ 1,000, since the sellers took control and resistance built about $ 1,035, according to the technical analysis data model of Coindesk Research. The largest Coindesk 20 index (CD20) fell 3.7%.
The validators of the BNB chain have presented a proposal to reduce gas rates from 0.1 to 0.05 GWEI. The change would reduce the average transaction costs to around $ 0.005 and accelerate the blocking speeds of 750 milliseconds to 450 milliseconds.
The proposal comes at a time when commercial activity in the chain is booming in the BNB chain after the launch of the Aster decentralized trade platform, which recently exceeded Hiperliquid in daily life volumes.
General description of the technical analysis
BNB negotiated within a range of $ 49 in the last 24 -hour period, falling to $ 993. The strong resistance was formed just above $ 1,030, while the support maintained a company around $ 987.
The price was briefly recovered, obtaining a margin of little below $ 990 to about $ 994. The profit occurred when the purchase demand appeared and pushed the token to form higher minimums.
The negotiation volume suggested a change of an aggressive sale to a slower accumulation, with a consolidation support about $ 989 and a resistance that emerges just under $ 996.
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