BNB Slips Below $ 860 As Traders Brace for US Jobs Data

Underlying Network Activity Surged, With Daily Active Wallet Addresses On BNB Chain More than Doubling to 2.5 Million, But Transaction Volumes Have Been Droping Steady Late Late June. Sep 1, 2025, 5:10 pm

The Price of Bnb Saw Sharp Intrady Swings Over the Past 24-HOUR PERIOD as It Continued to Drop from An All-Time High of $ 900 Seen Late Late MONTH.

Over A 24-Hour Window, The Asset Traded Between $ 849.88 and $ 868.76, A 2% MOVE THAT BEGAN WITH BULLISH MOMENTUM But Ended with Signs of Fatigue Near Resistance.

The volatility follows filings with the US Securities and Exchange Commission by Rex Shares Late Last Last Month, Along with The Rise of BNB-Focused Treasury Firms. The Latest, B Strategy, Aims to Hold Up to $ 1 Billion Wart of Bnb with Backing From The Investment Firm Led Binance Co-Funders Changpeng Zhao and Yi H.

While Bnb Failed to Hold on to to to Its Gains from Earlier, Underlying Network Activity Surged. Daily Active Wallet Addresses On Bnb Chain More Than Doubled, Climbing To Near 2.5 Million Account to Defillama Data.

Yet, Transaction Volumes Have Been Dropsing Steadily Since Late June, Data From The Same Source Shows. BNB’s Price Drop Also ComESS AHEAD OF KEY ECONOMIC DATA FROM The US this Week, Including Surveys of Manufacturing and Services and August Payrol Figures.

Jobs Data Could Influence of the Odds of the Federal Reserve Cutting Interest Rates This Month. As it Stands, The Cme’s Fedwatch Tool Weights A Near 90% Chance of A 25 BPS Cut, While Polymarket Traders Put the ODDS AT 82%.

Technical Analysis OverViewBNB Entered the Session with a surge from $ 860.30 to $ 868.08, But The Rally Quickly Lost Steam. Heavy Selling Pressure Emerged Armund The $ 867– $ 868 Level, A Zone That Has NOW ESTABLISHED ITSELF AS A Key Resistance Ceeling, Accounting To Condesk Research’s Technical Analyry Analyry.

Volume Surged During this Attempt, Peaking at 72,000 Tokens, Well Above the AVERAGE OF 54,000, Indicating A High Level of Participation Dringing The Failed Breakout.

After the rejection, bnb retraced toward the $ 850– $ 855 Range, WHERE BUYING INTERESTEEST EMERGED. This was most visible as the token Dipped to $ 851.40, Triggering A Volume Spike. This Response Pointed to Solid Demand at Tese Lower Levels.

Disclaimer: Parts of this Article Were Generated with the Assistance from Ai Tools and Review by Our Editorial Team to Enseure Accucy and Adherence to Our Standards. For more information, See Coindesk’s Full Ai Policy.

More for you