BNB looks beyond $686: Will the altcoin cross 2021 highs?

investors were having a great time as the coin’s price rallied during the last week. However, the momentum has declined in the last few hours.At the time of writing, the coin was trading at $602.68 with a market capitalization of over $88.9 billion. The decline in momentum resulted in a drop in BNB’s 1-week price volatility.AMBCrypto’s look at Santiment’s data revealed that its Social Volume declined sharply last week. Its Weighted Sentiment also dropped sharply on the 26th of May.

In fact, if the bull rally happens, then the coin might soon test its all-time high of $686, which it touched back in 2021.AMBCrypto then analyzed BNB’s on-chain data to see whether it hinted at a successful breakout of the bullish pennant pattern.

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Source: CryptoAmb - 🏆 22. / 68 Read more »