Hi guys,

It's big and big#alertAbout $BNB

BNB puts this group in trouble as target is $630

The BNB rally may weaken if OI falls, but analysis shows that is unlikely.

BNB is king and has its sights set on another rally

This was due to BNB price action. In the last 24 hours, the price of BNB has increased by 4.33%, surpassing the much talked about $600.

Typically, negative financing coupled with a rising price means that short positions are not rewarded. For the price, this position could be bullish.

If this remains the case in the coming days, the price of the coin could rise as high as $630. For some time, BNB has been the best performer among all cryptocurrencies in the top 10.

Year-to-date (YTD), the coin's value has increased by 92.12%, beating companies like Solana [SOL] at its own game. But will the price continue to rise in the short term?

To assess the potential, AMBCrypto analyzed BNB's open interest (OI). Santiment's on-chain data showed that the

The OI increased by 17.89% in the last 24 hours.

This put the metric at $416.26 million, indicating that many traders were opening more cryptocurrency-related contracts. Beyond that, OI influences price action.#Megadrop#Token2049#BNB#Write2Earrn