Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»BNB’s Road to Recovery – Tracking the Path to $600
ALTCOIN NEWS

BNB’s Road to Recovery – Tracking the Path to $600

By Crypto FlexsJune 23, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BNB’s Road to Recovery – Tracking the Path to 0
Share
Facebook Twitter LinkedIn Pinterest Email
  • BNB price has fallen by more than 3% over the past seven days.
  • Despite the 24-hour recovery, few on-chain indicators remain bearish.

like Bitcoin (BTC) Despite efforts to raise prices, several altcoins, such as BNB met a similar fate. But in the last 24 hours, things have started to change. In fact, if the latest data is to be believed, altcoins could soon post a bullish rally, which could allow BNB to recover its recent losses.

BNB turns green

Renowned cryptocurrency analyst World Of Charts recently shared the following: Twitter We highlight interesting developments. Likewise, the market capitalization of altcoins is now moving within the pattern on the chart.

Source: X

In fact, a bullish descending wedge pattern appeared on the charts back in March and was testing lower support for the pattern at the time of press. If altcoins test that pattern, investors could see altcoins rally and see BNB strengthen.

In fact, at the time of writing, BNB already appears to be recovering somewhat. According to CoinMarketCap, BNB is down more than 3% over the past seven days. Conversely, altcoins have recorded some gains in the last 24 hours or so.

Will BNB remain strong?

Since there was potential for BNB to recover from last week’s price drop, AMBCrypto took a closer look at the coin’s status to better understand what to expect. BNB’s social volume increased sharply on June 21, highlighting the coin’s growing popularity in the cryptocurrency space, according to Santiment’s data analysis.

Let’s also take a look at CFGI.io. data BNB’s Fear and Greed Index was said to be at 37% at press time. This meant that the market was in a ‘panic’ phase. Historically, whenever the Fear and Greed indices indicate that the market is in a “fear” phase, price increases typically follow.

BNB’s social volume has increased.BNB’s social volume has increased.

Source: Santiment

However, not everything is in the coin’s favor. For example, the weighted sentiment for the coin was negative. A decline in this indicator suggests that bearish sentiment prevails across the market.

Additionally, data from Coinglass shows that BNB’s long/short ratio has fallen sharply. A low long/short ratio means that a trader’s portfolio contains a higher proportion of short positions compared to long positions. The aforementioned results placed greater emphasis on selling or shorting assets and highlighted the dominance of the downtrend.

BNB’s long/short ratio has fallen.BNB’s long/short ratio has fallen.

Source: Coinglass


read Binance Coin (BNB) Price Prediction From 2024 to 2025


Investors will soon see BNB fall to $571 as the downtrend continues once again, lowering the price of the coin. However, if the bulls can beat the bears, there is a chance that BNB could reach $613 in the coming weeks.

Source: Hiblock Capital

Next: Bitcoin Back to $60,000? Here are some reasons why traders should do BTFD:

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The throat is falling, but the jupnet and ajup spark recovery reduce the potential

October 2, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025
Add A Comment

Comments are closed.

Recent Posts

Bitcoin Steadies at Rally -Is another powerful brake out just in the future?

October 6, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2.83 Million Tokens And Total Crypto And Cash Holdings Of $13.4 Billion

October 6, 2025

BC.GAME News Backs Deccan Gladiators As Title Sponsor In 2025 Abu Dhabi T10 League

October 6, 2025

Unity modifies mobile games and password wallets that threaten important vulnerability.

October 6, 2025

BitDigital becomes the first public Etherrium for distributing unsecured leverage -details -Details

October 6, 2025

Cango Inc. Announces September 2025 Bitcoin Production And Mining Operations Update

October 6, 2025

Cake Eyes 60% Rally Pancake WAP

October 5, 2025

Bitcoin Pullback — ETFs Drive Capital Flows, Altcoins Like SOL And XRP Boost Investor Returns

October 5, 2025

SHIBA INU (SHIB) and Dogecoin (DOGE) holders are 16,736%of Rally Progast Tempts buyers that are accumulated as Little PEPE (Lilpepe).

October 5, 2025

Solana Future Surge as the institution induces the open interest for the best record.

October 4, 2025

Free bitcoin.in app withdrawal request My satoshi

October 3, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bitcoin Steadies at Rally -Is another powerful brake out just in the future?

October 6, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2.83 Million Tokens And Total Crypto And Cash Holdings Of $13.4 Billion

October 6, 2025

BC.GAME News Backs Deccan Gladiators As Title Sponsor In 2025 Abu Dhabi T10 League

October 6, 2025
Most Popular

Should Bitcoin investors worry about flat inflow of SPOT BTC ETF?

April 15, 2025

According to AlphaQuest Research Report 2024, Cardano is ranked as one of the top dead coin holders. – The Defi Info

February 23, 2024

Bitcoin Price 2025 Cycle Target ‘Minimum’ Starts at $175K — Analyst

December 13, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.