Binance Coin Chain Revival Gains Pace with $10B TVL and Bullish Price Setup
BNB Chain's Total Value Locked has neared $10 billion, signaling ecosystem recovery alongside a bullish price setup for Binance Coin.Summary
The BNB Chain ecosystem is showing significant revival, with its Total Value Locked (TVL) approaching $10 billion, indicating renewed confidence following a major drawdown in 2022. Analyst Cipher X noted this rebound reflects consistent capital inflows and suggests the chain has quietly rebuilt its foundation, projecting a potential future milestone of $15 billion in TVL.
This ecosystem strength is mirrored by Binance Coin's (BNB) price action. Analyst BIGGEST DC observed a bullish setup, with the price rebounding near the $1,093 support level and showing renewed buying momentum above $1,110. If this trend continues, analysts anticipate testing resistance near $1,234.
Currently trading around $1,112.62, BNB maintains its position as the fourth-largest cryptocurrency, with its combined TVL recovery and positive technical structure suggesting an improving outlook driven by increased user engagement and utility.
(Source：Brave New Coin)