Binance rebuked discussions about a possible hack after some cryptocurrencies on the exchange suddenly rallied BNB hung on its neutral bearing as long-term investors languish in losses Binance CEO, Chanpeng Zhao (CZ) dispersed rumors of manipulation after some less-known cryptocurrencies suddenly spiked on the exchange. On 11 December, some abnormalities rocked the exchange as tokens […]
The four-hour chart showed that BNB’swas not exactly solid due to the state of the Relative Strength Index . Furthermore, at press time, the RSI was 54.70. The position meant that BNB favored an uptrend to the buying side rather than a fall to selling strength.The Awesome Oscillator , on its part, was 0.1. The chart above showed that the AO was on the verge of creating a bullish twin peak. However, since it was below equilibrium, it could not conform to building a bullish edge.
Moreover, the spike was most likely linked to dismay the cryptocurrencies mentioned above created. In the same vein, it propelled investors to increase the search for BNB as revealed by the social volume at 585.Furthermore, the Market Value to Realized Value long/short difference was -12.86%. Since it remained in the
, it implied that short-term BNB holders selling would yield profits. However, long-term investors doing the same would produce the opposite. At press time, BNB exchanged hands at $290.Subscribe to get it daily in your inbox.
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