🔥💥#BNB was almost unaffected by the market crash. He gave the impression that he was a leader. Here's what you need to know
Hyblock Capital's data revealed that bnb's liquidations sharply approached $ 565. Soon after, the altcoin began to show signs of recovery and minimized its 24-hour losses as its price gained upward momentum.
Taking into account the market collapse, Bnb's 1-week price volatility also remained quite low. This also showed that the coin was holding its place well and that its value had not declined to an alarming degree.
Interestingly, while the price action of the bnb fell, investors' confidence in the coin remained high. This is evidenced by the fact that the bnb's weighted sentiment chart has risen over the past few days.
BNB may leave the market
Since the price of BNB has not fallen much, there are signs that the coin may be the first crypto to recover from the bearish market. We have analyzed the data to see if this is possible.
According to our analysis, the open interest rate of bnb, along with its price, has started to increase in the last few hours. An increase in the metric usually indicates that the ongoing price trend has a high chance of continuing. In addition, the bnb's financing ratio has turned into the red. October. In general, prices tend to move in a direction other than the financing rate. In this particular case, this means that the bnb is on the rise.
We checked the daily chart to better understand which way the coin could go. We have seen that the Relative Strength Index (RSI) of the coin is hovering above the neutral zone.
