Binance Coin (BNB) Shows Strong Bullish Signals with Sustained Buying Pressure

Binance Coin (BNB) has demonstrated remarkable bullish momentum since mid-March, as indicated by Futures Taker Cumulative Volume Delta (CVD) data. The persistent buying pressure, reflected in consecutive green bars on the CVD chart, mirrors patterns seen during BNB’s 2021 bull run, which propelled the token to record highs. With taker buyers dominating for 90 straight days—a historically reliable indicator of upward momentum—BNB appears poised for a potential breakout above the $640 resistance level. This sustained demand contrasts sharply with previous market conditions, reinforcing Optimism among traders and investors alike.

Buyers Dominate BNB Taker CVD, Signaling Potential Break Above $640

Binance Coin (BNB) has seen sustained buying pressure since mid-March, according to Futures Taker Cumulative Volume Delta (CVD) data. The persistent green bars on the CVD chart mirror patterns observed during BNB’s 2021 bull run, when the token rallied to record highs.

Market metrics show taker buyers have maintained control for 90 consecutive days—a historically reliable indicator of upward momentum. This contrasts sharply with the March 2022-January 2023 period, when seller-dominated CVD coincided with price stagnation.

Despite neutral CVD readings through much of 2023, the current accumulation pattern suggests institutional traders are positioning for a breakout. The $640 resistance level now appears vulnerable if this accumulation phase continues.

Binance Founder Advises Kyrgyzstan to Adopt Bitcoin and BNB for National Crypto Reserve

Binance founder Changpeng Zhao has proposed that Kyrgyzstan consider Bitcoin (BTC) and BNB as foundational assets for its National Crypto Reserve. The recommendation came during Zhao’s visit to the Central Asian nation at the invitation of President Sadyr Japarov.

The discussions, held over two days by Lake Issyk-Kul, focused on blockchain’s role in economic strategy. "We presented Kyrgyzstan’s potential in developing a digital economy," President Japarov noted, highlighting the country’s cultural uniqueness through a specially prepared program.

The advisory marks a significant step in institutional crypto adoption, with a major exchange founder directly consulting a national government on reserve strategy. No immediate policy decisions were announced following the talks.