registered a bullish break in the market structure. However, $313 posed stern resistance to BNB bulls.The Open Interest behind BNB has declined in the past ten days. This meant Binance Coin could post further losses. Buyers can look for an opportunity to enter longs on such a dip.Source: BNB/USDT on TradingView
Since this surge was quick, an inefficiency was left on the charts. This fair value gap lay between $275 and $290. The FVG has confluence with the $276 level of significance, as well as the bullish breaker. The RSI has been near neutral 50 since the beginning of December. It showed a lack of strong momentum behind BNB. Meanwhile, the OBV and the CMF were also flat in the past few days. Neither the sellers nor the buyers were dominant based on the past week’s trading.Santiment