Binance Coin (BNB) has been moving sideways around the critical level at $300 and might gather momentum for a rally. The cryptocurrency saw significant losses over the past months, but it has been able to recover faster than other altcoins.
At the time of writing, BNB’s price trades at $290 with a 4% and 17% profit over the past 24 hours and 7 days, respectively. Thus, making this cryptocurrency one of the best-performing assets in the crypto top 10 by market cap only surpasses Polkadot’s (DOT) 22% profit in one week.
BNB’s price with minor gains on the 4-hour chart. Source: BNBUSDT Tradingview
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Data from Material Indicators records an increase in buying pressure for this token on short timeframes. Retail investors and mid-size investors have