The crypto-verse was seen exerting significant volatility over the last few days. Binance Coin [BNB], XRP, Bitcoin [BTC], and several others were seen losing and gaining profits acquired in the previous months. While Bitcoin was still stuck at $54K, all the altcoin were seen jumping onto the train spearheaded by the bulls. Ethereum [ETH] was noted observing several all-time highs over the last week. The altcoin’s dominance rose to 15.2% while Bitcoin’s slumped to 47.9%.
Binance Coin [BNB] proved to be no less than any other coin as it managed to climb up the crypto ladder landing in the third spot. Even though other coins like Cardano [ADA] and XRP have tried to overhaul BNB, the asset has managed to regain its position as the third-largest cryptocurrency. At the time of writing, BNB’s market cap was noted at $94.81 billion. Furthermore, BNB was priced at $615.33 with a 7.67% surge in the last 24-hours. Over the week, BNB reportedly bagged gains of about 28%.
Binance Coin [BNB] One-Hour Price Chart
The bulls were seen taking a long nap in BNB’s one-hour price chart. The Chaikin Money Flow [CMF] indicator revealed a bullish momentum as the CMF marker was over the zero median. However, the marker was close to the border which seemed to be critical for the altcoin. The Awesome Oscillator, however, formulated long bold green closing bars which suggested the presence of the bulls in the BNB market.
The Money Flow Index [MFI] indicator pointed out that BNB was being significantly bought as it was all the way at the 80 median.
Binance Coin [BNB] One-Day Price Chart
The Parabolic SAR indicator used in the one-day price chart of BNB mirrored the sentiment in the altcoin’s short-term chart. With dotted lines below the candlesticks, the altcoin’s chances of experiencing a downfall were bleak. The MACD indicator seemed like it was heading for a bullish crossover. The Relative Strength Index indicator suggested that a buyers’ sentiment had taken over the BNB market.