Most cryptocurrencies have turned down from their overhead resistance levels suggesting a minor correction or period of consolidation will occur in the next few...
Binance Coin News
Binance Сoin (BNB) is a cryptocurrency designed by the eponymous cryptocurrency exchange. Based on the ERC-20 standard, Binance Coin was established with the Ethereum technologies. The Binance Coin market cap is one of the largest on the market and the largest among the ERC-based tokens with over 1,3 billion dollars at the time of writing this article. BNB was developed to become a trading tool on the Binance cryptocurrency exchange. BNB-based transactions are subsidized by the exchange making the coin more attractive to use within it. Due to the large trading volume of Binance and its effective strategy on the new asset, Binance Coin was fast to become a major part of the industry. BNB price is supported by the large number of businesses accepting the coin as a form of payment.
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Many cryptocurrencies are showing signs of buying but traders are cautious as they are yet to break above their critical resistance levels.
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Bitcoin price remains range bound and several major cryptocurrencies are attempting to break above the overhead resistance levels.
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Current price action from top cryptocurrencies suggests that the path of least resistance is to the upside, indicating the market could be in the early stages o...
- Price Analysis
As equities markets continue to fall, major cryptocurrencies are likely to remain range-bound for the next few days.
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The crypto markets are showing some buying at lower levels, which is a positive sign as it shows that investors are accumulating on dips.
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by Samuel Haig
The recent cryptocurrency crash has propelled many stablecoins up the market cap rankings, with six dollar-pegged crypto assets currently ranking in the top 50.
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The crypto markets are attempting a relief rally but are struggling to sustain the higher levels. This shows that selling is not over yet.
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The crypto markets are currently facing a strong wave of selling leading traders to focus on whether cryptocurrencies will form panic bottoms soon.
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The crypto markets have turned down sharply over the weekend and are threatening to wipe out all the gains made in 2020.
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Several cryptocurrencies have broken out of their first resistance levels, which suggests that the bulls might be back in the game.
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Several cryptocurrencies are stuck in a range but if bulls can break above the range several buying opportunities will be open for traders.
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The bulls have succeeded in defending the 200-day SMA in most major cryptocurrencies. This is likely to result in a sharp relief rally in the next few days.
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If the bulls successfully defend the 200-day moving average on several major cryptocurrencies it might offer buying opportunities for traders.
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Investors may interpret the current correction in cryptocurrencies as a long overdue pullback and purchasing opportunity.
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