BNB Chain достигает исторического рекорда активности пользователей на фоне волатильности рынка Translation: BNB Chain achieves historic user activity record amid market volatility

On October 13, the number of active users on the BNB Chain reached an all-time high of 3.46 million. On the same day, the native token BNB set a new price record.

The previous peak of 3.44 million was recorded in December 2023.

At the time of writing, the number of active users on the network stands at 3.1 million.

In the past 30 days, the number of transactions on the BNB Chain exceeded 500 million, marking a 151% increase compared to the prior period. In this regard, the blockchain trails only Solana, which processed 1.8 billion transactions.

The surge in activity coincided with the market rebound following the crash on October 11, triggered by a statement from U.S. President Donald Trump regarding the imposition of 100% tariffs on goods from China.

Over the last 24 hours, the price of BNB fell by 9.7%, reaching $1158. From its peak, the asset has corrected by 16%, according to CoinGecko.

Technical indicators suggest the risk of further declines. The weekly Relative Strength Index (RSI) has entered the overbought territory. Last week, the index was at 81, but has now dropped to 71.

Historically, such high RSI values have preceded significant downturns. In 2021, a decline of 70% occurred, while in July 2024, it was 44%.

Analyst known as Saint pointed out that the RSI is in the overbought zone across several timeframes. He states this «indicates a potential for price correction.»

On the four-hour chart, a «double top» formation has emerged, suggesting a drop to the «neckline» around $1000.

Some experts believe BNB has growth potential, describing a target of $2000 as «not too far off.»

Among the positive factors cited are Binance’s compensation payouts to users amounting to $283 million and the heightened network activity.

It is worth noting that analysts from XWIN Research Japan explained the reasons behind BNB’s growth.