BNB showcased a promising bull rally last week as its price increased by over 8% and things can get even better in the coming days
BNB’s price was about to break above a bull pattern, which could result in a 40% bull rally in the coming days.showcased a promising bull rally last week as its price increased by over 8%. While that happened a bull pattern emerged on the coin’s price chart. If BNB successfully breaks above the pattern then its price might turn volatile towards the north.After a comfortable weekly rally, the coin’s volatility dropped as it only moved marginally on the last day.
An analysis of Santiment’s data revealed that BNB’s open interest increased along with its price. This suggested that the coin’s bull rally might continue. The good news was that the Money Flow Index registered a sharp uptick, increasing the chances of a price increase.
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