BNB's price saw significant volatility, trading between $849.88 and $868.76, ultimately failing to maintain prior gains after reaching an all-time high of $900 last month. As traders await critical U.S. jobs data that may impact Federal Reserve interest rate decisions, BNB's underlying network activity rose sharply, with daily active wallet addresses on the BNB Chain doubling to 2.5 million. However, transaction volumes have been on a decline since late June. The price corrections were exacerbated by heavy selling pressure around the $867–$868 resistance area. Despite this, buying interest manifested as the price dipped to around $851.40, generating a notable volume spike indicating solid demand at lower levels. The upcoming jobs data could greatly affect market sentiment, with a near 90% probability of a 25 basis points interest rate cut perceived by traders.

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