Journalist
Posted:
- BNB is in tears, printing long green candlesticks all week.
- Resilient and tempting at current levels, BNB has a high -risk and high reward opportunity.
A week ago, Binance Coin (BNB) was at $ 500 – now it is up 26%, a case of lowering purchasing manual.
The volume indicators suggest more upwards, but with the volatility of the market in the game, is this rally short of steam? Or can BNB challenge expectations and recover its market capitalization of $ 100 billion?
High risk, higher reward
Trading at $ 640, at the time of the press, BNB was solid, displaying long green candlesticks during last week. With an increase in volume, it is clear that the bulls have accumulated quietly.
Source: tradingView (BNB / USDT)
The story suggests an increase up of 4.6% before the resistance was triggered, but with the macD flashing a bull crossover, an escape could be imminent.
The BNB / BTC pair has strengthened this trend, showing that investors are betting on Binance play as potential coverage. This resilience makes BNB an attractive purchase.
However, with the market capitalization of the crypto down 2.64%, is this divergence a “high risk and reward” room which requires extreme caution?
BNB in a high stake bet
Binance Coin holds the downward market trend, progressing while the first four struggled in the red. With the momentum on its side, could it be its chance to recover a market capitalization of $ 100 billion and resume its place as Solana?
A climb to only 7% of its average $ 650 would seal the agreement. Term traders seem to think that it is possible – the open interest (OO) increased by 1.05%, annihilating more than $ 500,000 in shorts.
On the 12 -hour binance painting, long dominate. Merchants rush to mount the escape of BNB in the middle of the wild oscillations of the market.
Source: Coringlass
With fundamental solids and a new speculative capital, Binance Coin seems to be ready for an increase of 7% to recover its market capitalization of $ 100 billion.
But in this game with high stakes, the bulls must hold firmly to avoid a long pressure.
