Binance Launches Token Lock-up Addresses and Holding Concentration Indicators
Binance enhances transparency with two new features: Token Lock-up Addresses and Holding Concentration Indicators. These tools provide insights into token supply and volatility.
- Token Lock-up Addresses show if a portion of a token’s supply is locked, aiding in price interpretation.
- Holding Concentration Indicators reveal control levels by large holders, helping assess volatility risk.
These features are accessible in the cryptocurrency's Info tab. The launch has boosted confidence in Binance and its native token, BNB, which trades at approximately $620.6, down 1.11% in the last 24 hours. BNB has only declined 5% over the past week amid market weakness.
Price Analysis
BNB remains within a symmetrical triangle pattern, with resistance around $700–$720 and support near $200–$220. A breakout above resistance could target $1,150 to $1,200.
The daily chart shows RSI just below neutral, indicating slight bearish momentum without being oversold. BNB price is below the midline of the Bollinger Bands, which suggests consolidation unless buyers react. A drop below $605 could push BNB toward $575.
The MACD indicates bearish momentum, with immediate resistance at $647 and $676.