👀🚀Binance Coin (BNB) Passed $500, Carried Its Bullish Dream to $700🔥😱
Binance Coin (#BNB ), which made a rapid U-turn, is regaining 100 points and rising above the $500 psychological stop. After an 8.95% increase overnight, $BNB
is targeting an uptrend towards $700.
Weekly Analysis for a New ATH on Binance As BNB gains momentum, temperatures are rising in the derivative. According to Coinglass systems, Open interest increased by 1.61% to 464 million and is $36 million away from 500 million pieces.
Also, Binance investors are extremely bullish with a long/short ratio of 1.019, with long/short (accounts) reaching a peak of 2.0788. According to positions, long/short Binance investors are generally not registered at 1.409.
Where is Binance Coin Price Headed?
As buyers take control, Binance Coin’s rally for recovery is gaining momentum. The uptrend above $500 indicates a long run towards the 100% Fibonacci retracement at $662.
The uptrend according to Fibonacci levels can scale up to the 1.618 Fibonacci seeds at $945. However, it may cause a small fade of the uptrend at the 1.272 Fibonacci level at $787.
