(BNB) holders enjoyed a 1,760% rally from $37 to $692 between January and May 2021, but as usual for cryptocurrencies, this rally was followed by a 69% correction two weeks later.
From there, it has been a bit difficult to regain investor confidence and BNB failed to produce another all-time high in November, despite the aggregate cryptocurrency market capitalization hitting a high of $3 trillion.
BNB/USDT pair chart. Source: TradingViewIn addition to being 33% below its all-time high, BNB investors have other reasons to question whether the current price of $465 is sustainable. Especially since traders were recently paying up to 3% weekly to keep short futures positions open, betting on the downside.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
es.investing.com