Binen’s coin value has retaliated from its lowest level this week, supported by non-fungting tokens and trends in decentralized finance industries.
Benance Coin (BNB) increased to $ 580 on 6 February, increased by about 17% on Monday. Cryptosalam Data shows that the non-finger token sales of the network are increasing, giving more utility in BNB.
In the last seven days, sales of non-fangbal tokens increased by 24% to $ 1.5 billion, while the number of buyers in the network increased by 20% to about 24,000. In contrast, sales of atherium non-fangbal tokens declined by 40%, while Solan and bitcoin fell 32%and 71%respectively.
Binance Smart Chain Network is also watching strong performance in the decentralized exchange sector. data from Defee lama Shows that the transaction on blockchain has reached $ 2.4 billion in the last 24 hours. Volumes increased by 20% in the last seven days, with pancakexwap, hai and uniswaps emerging as top artists.
The monthly fee of BSM network has been stabilized in recent months. It produced $ 13.3 million in January after collecting $ 17.7 million in December.
![BSC series fee](https://crypto.news/app/uploads/2025/02/BNB-Chain-Fees.jpeg)
Another potential catalyst for the price of the binance coin is its increasing burns rate. Real-time burn mechanism has increased 477 coins worth $ 279,645 in the last seven days, causing a total of 249,478 coins cumulative.
Further data shows that the BNB network recently burnt 1.63 million coins, which cost more than $ 1 billion. The network is set to burn 1.56 million tokens in addition to $ 1.08 billion in the coming months. Its long -term target is to reduce the total supply from 144 million.
BNB price technical analysis
![BNB price](https://crypto.news/app/uploads/2025/02/BNB-price-1.png)
The weekly chart suggests that Benance Coin has pulled back in recent weeks. It has declined for four consecutive weeks due to deteriorating sentiment in the crypto industry.
The BNB coin has formed a cup and handle pattern, which is a popular rapid continuity signal. The upper part of the cup is at $ 692, while the recent consolidation is part of the handle section.
The bennese coin has formed a hammer candlestick which includes a short body and a long lower shade. It has been above the moving average of 50-week.
Therefore, the Binens coin is likely to experience rapid breakouts in the coming months. The first resistance level to view is $ 793, the highest swing in December. One step further above this level may indicate a profit of $ 1,000.