- A reactivation and technical indicators of a dormant whale alluded to a potential optimistic momentum for BNB
- Growing corporate domination and the next Pascal upgrade have supported a long -term upper perspective
A sleepy whale has reactivated after five years, depositing 2,325 BNB, worth 1.4 million dollars, in binance. This unexpected decision has increased speculation on potential changes across the market.
In the past, this whale has carried out notable transactions, including the deposit of 40,099 BNB ($ 802,000) five years ago and the withdrawal of 42,425 BNB ($ 648,000) at a price of $ 15.28 seven years ago.
The reactivation has generated a profit of $ 1.56 million, leaving a lot to ask-it indicates a return of trust in Binance Coin (BNB)?
Price action analysis – Key levels to monitor potential break
At the time of writing this document, BNB was traded at $ 596.5, after a modest increase of 0.27% in the last 24 hours. On price graphics, double -back training has emerged – a sign of potential bullish dynamics.
The latest price rebound in the support area nearly $ 580 has strengthened this view. If BNB can go out above the level of critical resistance at $ 625, it could potentially come together around $ 678, confirming positive perspectives.
However, if the price fails to unravel this resistance, it may note consolidation or withdraw towards lower support levels. Therefore, it is crucial to keep an eye on these levels to assess the next Altcoin movement.
Source: tradingView
BNB social volume and domination – the growing attention of investors
Although the social volume was relatively low, with only 41 mentions recorded at the time of the press, its social domination increased to 0.55%. This indicated that Altcoin gradually draws attention to social platforms, signaling growing interest among investors.
In addition, this increase in social domination can refer to a change of feeling of the market towards BNB. Although it remains smaller compared to larger cryptocurrencies, the increase in social buzz is a positive sign and could contribute more to its price action.
Source: Santiment
Development activity – Pascal upgrade to MAINNET
Affecting BNB’s optimistic perspectives more is the next Pascal Mode, set to be online on March 20, 2025. This upgrade presents the Smart EIP-7702 contracts, which will bring several advantages such as gas transactions, lots approvals and swaps in one click, and easier to integrate for new web3 users.
This technical progress should improve the usefulness of BNB and increase its long -term value proposal. This will potentially contribute to the upward price movement of Altcoin.
Will the reactivation of the whale arouse a bullish thrust?
It is too early to really say. However, the signs are clearly there.
If the BNB successfully lowers the levels of keys resistance, combined with the planned Pascal upgrade, it could certainly trigger a rally. Consequently, the whale movement is probably a catalyst for an upward wave in BNB in the near future.
