BNB’s leading indicator RSI was in an overbought position. Most of the metrics gave a bearish reading. Binance Coin’s [BNB] performance of late has been in the buyers’ favor, like most of the other cryptos. However, Santiment’s data revealed that BNB was overvalued as per its MVRV Z-Score. The metric identifies overvalued and undervalued assets […]
, BNB’s Relative Strength Index was in an overbought position. The RSI, when coupled with BNB’s MVRV Z-Score, suggested that it was likely that we would witness an increase in selling pressure, leading to a price plummet.at $290.88 with a market capitalization of more than $45.9 billion.Apart from the aforementioned metrics, a few of the others also did not look quite optimistic for BNB. For instance,Moreover, BNB’s velocity also went down sharply.
managed to remain popular in the market as its social volume was consistently up during the last few days.
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