Binance Coin [BNB] bears stay undeterred, will the coin succumb or resist?

Binance Coin [BNB] bears remain undeterred, will the coin succumb or resist?

. According to Santiment, funding rate in perpetual futures contracts tied to the coin has been negative since 21 April.When the funding rate is negative, it means that shorts were willing to pay longs in order to keep the bearish position open. The opposite happens when the funding rate is positive.At press time, the BNB’s funding rate was -0.007. This implied that bearish sentiment uncoiled from the highs of the previous weeks.

The Awesome Oscillator further indicated that both bullish and bearish forces were in a contest to drive the coin’s momentum. Nonetheless, there were some signs of a bearish twin peak. This occurs when there are two peaks made of green bars and another set of red bars follows.Once again, BNB showed how it has established its strength. On 5 May, the U.S. Department of Justice security arm mentioned that it wasTypically, developments like this affect assets negatively. But according to CoinMarketCap, the price, at $324, did not fluctuate much since the public notification.

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