🚀 Windtree Taps BNB for Treasury Strategy — Is This the New Standard?
BNB reached an all-time high of $855.01 on Monday, extending its double-digit gains from Sunday.
Windtree's $520 million BNB corporate treasury pledge boosts purchasing pressure.
The technical picture is optimistic as momentum and OI approach historic highs.
After reaching a record $855 on Monday, BNB (BNB), previously Binance Coin, falls. Windtree's $250 million promise to construct a BNB corporate treasury puts the CEX token in new terrain.
BNB confidence has boosted futures traders' enthusiasm, pushing the BNB Open Interest beyond $1 billion. Technical indicators predict sustained gains amid bullish momentum.
Windtree wants a BNB corporate treasury.
On Thursday, NASDAQ-listed Windtree Therapeutics pledged $520 million for BNB coins. The CEX token hit an all-time high of $855 on Monday after the news sparked a four-day bullish run.
Windtree wants to buy BNB with a $500 million equity credit line and a $20 million stock purchase agreement with Build and Build Corp. Stockholders must approve the equity credit limit.
BNB seeks $910 with record open interest
Binance Coin struggles to hold onto Sunday gains as it falls from $855 at press time on Monday. BNB is in price-discovery phase with an overbought daily RSI of 85. Overbought situations sometimes lead to a fast correction, therefore investors should be cautious when the RSI goes sideways.
BNB's rise might reach $910, the R3 pivot level, and provide double-digit gains.
BNB Open Interest (OI) peaks at $1.58 billion, up from $1.20 billion on Sunday. The $380 million BNB derivatives capital inflow shows trading interest.
If BNB reverses, it might test $800, the R2 pivot level.
