BNB’s rally above the $1,000 mark has captured the attention of traders. Although the price has eased slightly lower, the coin remains close to its peak, supported by strong bullish sentiment in the market.
The Balance of Power (BOP) indicator currently stands at 0.28, signaling buyers’ dominance. This positive reading suggests bulls remain firmly in control despite BNB’s minor pullback from record highs.
If bullish momentum continues, BNB could retest its all-time high at $1,001 and push for a breakout above it. However, if profit-taking intensifies, a correction lower.
The Balance of Power (BOP) indicator currently stands at 0.28, signaling buyers’ dominance. This positive reading suggests bulls remain firmly in control despite BNB’s minor pullback from record highs.
If bullish momentum continues, BNB could retest its all-time high at $1,001 and push for a breakout above it. However, if profit-taking intensifies, a correction lower.
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Truly Unbiased Cryptocurrency News beincrypto.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.