fxstreet.com 08 Feb, 2021 11:45 am

BNB rally intact as $100 beckons

Binance Coin is among the digital assets that have outperformed themselves in the market this year. Recently, BNB achieved a new all-time high of $76,

Binance Coin recovers lost ground above $70 as buyers look toward $100.Binance Coin is among the digital assets that have outperformed themselves in the market this year.Binance Coin uptrend resumes The 12-hour chart shows BNB trading at $71 after rebounding from the most recent support at $64.Binance Coin is currently trading above the Parabolic SAR points, which is a bullish signal that the uptrend is bound to continue.

BNB/USD 12-hour chart Looking at the other side of the fence It is interesting to realize that as Binance Coin's value soars, some whales are offloading.Binance Coin holder distribution The MVRV model by Santiment also brings to light the possibility of a retreat.

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