BNB (previously called Binance Coin) price edges lower by nearly 2% at press time on Tuesday, failing to hold above the $1,000 psychological level. Both the derivatives and on-chain data indicate lower demand as BNB futures Open Interest (OI) and transaction numbers decline.
BNB, previously known as Binance Coin, is trading near $1,100 at press time on Wednesday, following a 3% drop the previous day. The declining network activity on the BNB chain ecosystem and the nearly 5% drop in futures Open Interest indicate low demand.
BNB (BNB), formerly known as Binance Coin, edges slightly up and steadies at $1,000 at the time of writing on Tuesday after falling 5.2% the previous day. With institutional demand picking up, sideline investors looking for a buying opportunity could do so between the $900 and $948 range.