BNB (BNB) price is declining following a recent rally, dropping to $552 on July 3 after hitting $590 on July 1. The token has fallen 12% in the last month, signaling potential deeper corrections. Decreased onchain activity and a 25% drop in DApp volume over the past week are contributing factors. Binance's market share is also slipping due to regulatory challenges, with competitors like Bitget and Crypto.com gaining ground. The exchange's daily trading volume has plummeted by 83% since March. Technically, BNB's losses invalidate a bull flag breakout, with the price potentially dropping 10% to $600. The RSI decline from 81 to 57 indicates a bearish market sentiment. This information serves as analysis and not investment advice, urging readers to conduct their own research before making decisions. Read more AI-generated news on: https://app.chaingpt.org/news
