- The Binance Munt price card showed a Bearish in love.
- The HODL waving diagram has shown rising HODL activity in the last three months.
Binance currency [BNB] Has fallen again in the $ 560 area after a visit to it in the first week of February. At the time, BNB Bulls defended the $ 560 support zone and a bouncer rode to $ 721.
Source: BNB/USDT on TradingView
The price action has since shown that the relocation has been completely withdrawn. Moreover, the OBV is lower in 2025 to indicate a steady sales pressure. This showed that BNB could see further losses.
The market structure on the daily graph was Beerarish. During the bounce in February the price was unable to determine a new high and it was close to setting a lower layer. In the south, the following goals were the levels of $ 534 and $ 464.
These levels had been important during the range of July to November 2024.
The open interest (OI) graph showed that the OI peaked in December. It reached $ 1.27 billion when the price reached $ 735. The increased price and OI hinted to bullishness and growth of speculative trade.
The OI has been in a falling trend for almost three months now and again emphasized the bearish sentiment and was on the $ 529 million press.
Research into the BNB achieved CAP HODL Golven
Source: Glassnode
The colored tires on the graph indicate the BNB offering offer for transactions in different age tires.
Every age band corresponds to a color, with warmer colors that represent younger age tires and cooler colors such as greens. In contrast to Bitcoin’s [BTC]BNB is also an exchange and influences the HODL mentality.
There was a peak in activity between younger tires in May 2021 and a smaller one in January 2022. As these holders grew older, their number fell, which in 2023 showed some sales pressure in the Berenmarkt.
The strong activity in August 2020 was perhaps an anomaly. However, the HODL golf was most clearly distinguished by this peak of activity.
The upper half of the graph showed Hodling until March-April, with a profitable activity when prices reached the $ 600 region.
Credit : ambcrypto.com
