Despite rising to $223, analysts are still bearish on BNB. Does the coin have the tendency to survive the FUD?
This was not the first time Bluntz was being critical of BNB, which he had severally called “horrendous.” In 2022, the analyst advised market participants to avoid BNB, noting that its uptrend has ended.
And from the chart he recently shared, BNB may dip to $196 in the short term. Well, Coinglass’ data showed that the 4-hourratio was 0.92. The long/short ratio represents the amount of crypto available for short-selling versus the amount borrowed and sold. Values over 1 suggest positive investor expectations, while values below 1 indicate negative expectations from players. Therefore, the long/short ratio of BNB means that there were more open short positions than longs.indirectly posted on X, highlighting how the market should be bullish on Binance and BNB. In doing this, he shared a BNB/USDT chart showing a sharp green candle for the exchange coin.
There are people who needs to wear a device on their wrist all night long and then an app to tell them if they should feel good or not.
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