Binance Coin (BNB) extended its recent downtrend on Monday, sliding another 8% to $805. This continued decline comes after months of weakness, with the token now down 41% from its yearly high. The selloff intensified alongside a broader cryptocurrency market slump affecting Bitcoin and major altcoins.
Despite the deep correction, the Real-World Asset (RWA) sector on BNB Chain is showing strong momentum. The total value locked (TVL) in BNB’s RWA ecosystem has surged by 99% over the past 30 days, climbing above $1.6 billion. This rapid expansion makes BNB Chain the second-largest player in the RWA space, behind Ethereum’s $11.8 billion.
Major RWA projects such as Circle, Securitize, Ondo, and Matridock have all contributed to this growth. Analysts continue to view RWA tokenization as one of blockchain’s strongest long-term opportunities, potentially unlocking trillions of dollars in real-world assets over time.
Stablecoin activity on BNB Chain has also risen. Over the last month, stablecoin supply grew by 3.78% to $8.6 billion, and the number of holders increased by 14% to 48.5 million. These metrics reinforce BNB Chain’s position as a leading network for stablecoin usage.
However, some signs point to weakening fundamentals. According to Nansen, transaction volume on BNB Chain has dropped by 118% in the past 30 days to 457 million. This sharp decline caused network fees to fall by 79% to $14.9 million. Because BNB’s tokenomics rely heavily on burning fees, lower activity may reduce future burn rates, adding pressure to the price.
BNB Technical Outlook
The daily chart shows BNB has given up most of its previous gains. The price has fallen below the 61.8% Fibonacci retracement level, a zone often watched as a potential reversal point. It has also crossed under key indicators such as the 50-day and 200-day EMAs.
Momentum remains bearish. The MACD is still below the neutral line, and the DMI suggests continued downside pressure. The next major support zone sits near $750, based on the Murrey Math Lines framework.
A recovery above the $1,000 resistance level would invalidate the current bearish scenario. If that happens, BNB could retest the yearly high near $1,375.
