3 Reasons to Buy BNB Coin Before Binance Founder CZ’s Release$BNB
The BNB coin is experiencing a renewed recovery trend in future open interest. According to coinglass data, OI data has spiked from $460 Million to $589 Million— a 28% increase— within two weeks.
Typically, the rising OI indicates growing market confidence as more traders participate in this asset, indicating more capital flowing into BNB futures contracts.
BNB Futures Open Interest (USD)
Binance Coin Price Hints Major Breakout from Reversal Pattern
In the last three weeks, BNB coin showcased a sharp V-shaped recovery from $471 to $596, registering a 27% growth. A deeper analysis of the daily chart revealed this recovery assisted in the formation of a well-known reversal pattern called inverted head and shoulder
