Why is the BNB price up today?

BNB/USD daily price chart. Source: TradingView An RSI reading below 30 typically precedes a consolidation or recovery period in the market. For instance, the BNB daily RSI stint below 30 in …

Why is BNB price up today?

The price of BNB ( BNB) is up around 3% today, in part due to bearish traders opening more BNB-tied contracts despite suffering losses via liquidations in the past 24 hours. In addition, BNB stands extremely “oversold,” which may have prompted traders to buy the dip.