BNB outperforms ETH in this area, but where is the catch

Despite beating Ethereum, BNB’s DAU was declining. BNB’s RSI and stochastic were overbought, which was bearish. Binance Coin [BNB] outperformed the king of altcoins, Ethereum [ETH], by a huge margin in terms of daily active addresses. As per CoinMarketCap, BNB’s daily active users exceeded 815,000, while Ethereum and Polygon [MATIC] reached 344,000 and 277,000, respectively. […]

’s Money Flow Index was headed downward, further increasing the chances of a price decline in the coming days. However, the rest looked bullish and suggested a further uptrend.

For example, the Chaikin Money Flow registered an uptick, which was a development in the buyers’ favor. Another positive indicator was the On Balance Volume , which was relatively up. Furthermore, the Exponential Moving Average Ribbon remained bullish, as the 20-day EMA was above the 55-day EMA.Subscribe to get it daily in your inbox.

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