Attention everyone,
There's a significant update regarding $BNB that you need to know about. BNB is on the move, targeting $630, which could spell trouble for bears. Despite the potential drop in Open Interest (OI), analysis suggests that BNB's uptrend is likely to continue. BNB is showing strength in its price action, with a 4.33% increase in the last 24 hours, surpassing the $600 mark. The current situation indicates bullish sentiment, especially with negative funding and a rising price, potentially leading to further gains. BNB has been a standout performer this year, with a 92.12% increase, outpacing competitors like Solana. With OI on the rise, reaching $416.26 million, it seems many traders are getting involved, which could further influence price movements. Stay tuned for more updates on BNB's performance.
