Author
Alejandro Arrieche
Author
Alejandro Arrieche
Share
After hitting an all-time high of $1,370, BNB has reversed sharply during the latest market downturn and now the BNB price prediction is in focus.
Is this just a healthy pullback, or the start of a deeper trend?
On-chain data may hold the answer.
According to BSC Scan, daily transactions on the BNB Chain have dropped significantly since peaking at 31.3 million on October 8.
With network activity cooling fast, traders are watching closely to see whether BNB can hold its ground or if further downside is ahead.
As of yesterday, the blockchain’s daily TXs had dropped by 50%. The reason? Traders were flushed out of the market by a cascade of forced liquidations.
Network activity had been steadily growing amid the rising popularity of protocols like Aster, a perpetual futures trading platform that is now contending with Hyperliquid for the lead in this important segment of the market.
In addition, Pancake Swap, the largest BNB-native decentralized exchange (DEX) for spot trades, has seen its trading volumes explode this year.
As long as transaction volumes remain this low, BNB could struggle to make it back to $1,000. In fact, the token could actually dip lower if it fails to recapture some key price zones.
BNB Price Prediction: 20% Downside Risk as BNB Struggles to Clear $900
The latest price action has formed a falling wedge that could result in a bullish breakout down the road for BNB.
However, momentum remains heavily depressed as the Relative Strength Index (RSI) has collapsed near the 30 level.
The token’s 200-day exponential moving average (EMA) could act as a strong resistance now, currently sitting at $883. Even if the price breaks above this wedge, the long-term trend remains bearish.
Meanwhile, failing to recapture the $900 area could result in a move toward $750 first and then to $680, meaning a 20% downside risk.
Paired with this on-chain sell signal (lower network activity), recapturing the $1,000 level seems difficult at a point when market sentiment is still heavily depressed.
In contrast, top crypto presales like Pepenode ($PEPENODE) have been resilient to the latest downturn.
This mine-to-earn (M2E) continues to attract investors as it makes crypto mining possible without hardware.
Pepenode ($PEPENODE) Gamifies Mining and Makes It Hardware-Free
Mining cryptocurrencies is usually considered an expensive way to earn cryptocurrencies, but Pepenode ($PEPENODE) is here to change that.
This mine-to-earn game reimagines crypto mining by letting players build unlimited virtual rigs and grow their digital mining empire with zero hardware or technical hassle.
The more rigs launched and upgraded, the more mining power earned, and the higher players climb on the leaderboard.
Top performers unlock airdrops of major meme coins like Bonk ($BONK) and Pepe ($PEPE), adding real value to every upgrade.
Even better, up to 70% of the $PEPENODE tokens used to upgrade rigs are permanently burned, creating powerful deflation and long-term scarcity.
As the game’s popularity grows, $PEPENODE is shaping up to be one of the most promising opportunities in the next wave of crypto gaming.
To buy $PEPENODE during its presale stage, simply head to the official Pepenode website and link your wallet (e.g. Best Wallet).
You can either swap USDT or ETH for this token or use a bank card instead.
Visit the Official Pepenode Website Here
