✅✅ Binance Coin: Why the next 2 weeks will be interesting for $BNB
* Analysis showed that the coin could see an upswing to $738 by June.
* Derivatives market data indicated bullish sentiment, as BNB might favor long positions.
However, the last time the metric hit 1.641%, the price of the coin reached $632 from a low of $511. If the pattern were to follow a similar trend, $BNB could be set to hit $738 within the next 35 days.
The support levels have landed
Therefore, the high value suggests that there was growing confidence that BNB might surpass $700. In addition, to this, AMBCrypto analyzed the Net Positions Heatmap.
Should buying pressure increase when $BNB revisits these points, the price might climb toward $738 as mentioned above. However, traders might need to be wary.
This is because a decline in buying pressure could cause the coin to swing sideways. In a highly bearish situation, the price might fall to $565— the next underlying support.
