BNB investors can expect some good days ahead if the following come through...
further underlined the tension as it revealed that BNB’s Relative Strength Index was in an overbought position. This seemed to increase the chances of a trend reversal.’s daily chart painted a bearish picture, on-chain metrics provided some relief as some of them were in BNB’s favor.
For instance, BNB’s FTX Funding Rate hiked over the last week, indicating higher interest from the derivatives market. Moreover, BNB’s negative sentiments also registered a decline – A positive signal.’s NFT space also performed positively as the total NFT trade counts in USD registered an uptick recently.
If market indicators like MFI choose to follow the opposite route, things can get even better for BNB in the coming days.Subscribe to get it daily in your inbox.