BNB defends $ 640 – with active users in ATH, is $ 674 on the horizon? star-news.press/wp

• BNB bounced on $ 639 support, as users from SYBIL reached 1.7 million, and an active address reached 2 million.
• If user and whale momentum persists, Binance Coin may target $ 674; If not, it is possible that the test is $ 639.

After reaching the highest local level of $ 673, the Binance Coin (BNB) was recovered after political tensions in the Middle East, reaching $ 639.

However, over the past day, Altcoin succeeded in defending the level of support of $ 640 and bounced.

This is not robots – it is a real requirement

According to Ambrypto analysis, new data indicates that the bounce was not random. BNB users from SYBIL have reached the highest level ever at 1.7 million, per Artemis.

These real users are verified, except for air and robots, which makes the mutation more important.

Source: Artemis

As such, more realistic BNB chain uses, not a robot or Aidrop. Thus, there is an increasing interest, demand and interest for BNB because the network becomes stronger.

Source: Artemis

Amid this increasing number of actual users, the BNB active headlines also increased significantly, reaching a monthly highest level of 2 million. Among these active headlines are new portfolios, which also rose to a height of 595.7 thousand.

Such a large increase in active headlines and new expatriates reflect the increasing demand for the chain. Historically, more users pay the demand up, which precedes the increasing prices.

The futures contracts say “Saudi Arabia” – and whales are compatible

Amid an increasing user base, bullish feelings also expand in all market participants.

Currently, users who often enter the market seem optimistic and also large entities.

Source: Cryptoquant

BNB’s Futures Taker CVD (Delta GPA) remains dominant over the past ninety days. This means that the orders of the router in futures are often a long bias, and emphasizes condemnation in the market.

What is more interesting: The average number of requests in futures is offered that large whale deals have returned. Green points dominate modern plans, confirming that big players are back.

These participants are very optimistic as they enter futures to take long situations, as Longs represents 73 % of total contracts.

This means that the upscale feelings are also dominant and investors expect the prices to rise.

Source: Cryptoquant

With the high adoption rate while investors are upward, these BNB conditions are put in a positive position to achieve other gains.

When the number of users rose to these levels on the sixth of May, BNB broke out from monotheism and rose to $ 692.

Therefore, if the circumstances that witnessed, Altcoin will complete the opposite of the direction and the eye $ 674.

However, if the number of users who enter the BNB is higher, Altcoin will restore the support level of $ 639.