The Binance Coin (BNB) price has experienced a downward pullback on Monday, dipping below the $860 mark after failing to surpass resistance near $868 according to data from CoinDesk Research. Following a brief peak of over $900 last month, BNB has struggled to regain bullish momentum. Recent trading activity showed a notable shift, with BNB fluctuating between $849.88 and $868.76 over the past 24 hours, with selling pressure observed near the upper range. However, despite the price weakness, active wallet addresses on BNB Chain surged by a significant margin, doubling to 2.5 million according to DeFiLlama. This growth in active wallets stands in contrast to declining overall transaction volumes since late June, suggesting a disconnect between increasing wallet activity and actual network utilization. [Continue with the remainder of the article here.] Traders are anticipating critical economic data this week from the U.S., including manufacturing and services surveys alongside the August payroll report. The Federal Reserve’s September policy decision is likely to be heavily influenced by these figures, which have led some experts to anticipate a 25-basis point rate cut according to CME FedWatch tool and Polymarket’s prediction of an 82% likelihood. A potential rate cut could provide a boost to risk assets but traders remain cautious due to the upcoming release. [Continue with the remainder of the article here.]