, BNB’s Relative Strength Index was in an oversold position, which is a major bullish signal. It indicated that a trend reversal can be expected soon.
Not only that, but BNB’s volume also registered a sharp uptick lately. Santiment’s data revealed that ’s active addresses went up over the last week. Thereby, indicating a higher number of users in the network. Interestingly, BNB’s MVRV Ratio declined substantially, which might be hinting at a possible market bottom.The wait might have gotten over as BNB’s price already started to show signs of recovery, it registered 3% daily gains. BNB recently posted a tweet that revealed BNB Chain’s November tech updates, which had the potential to serve as fuel during the next bull run.
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