BNB Ready To Break Above $300? Fundamentals Support Bulls
Binance Coin (BNB) has been moving sideways around the critical level at $300 and might gather momentum for a rally. The cryptocurrency saw significant losses over the past months, but it has been able to recover faster than other altcoins. At the time of writing, BNB’s price trades at $290 with a 4% and 17% profit over the past 24 hours and 7 days, respectively. Thus, making this cryptocurrency one of the best-performing assets in the crypto top 10 by market cap only surpasses Polkadot’s (DOT) 22% profit in one week. Data from Material Indicators records an increase in buying....
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Bitcoin price is still trading in the mid-$30,000 price range for what has been more than 50 days now. Only a few weak attempts to push prices lower have been made, and bulls were able to defend each time. Bulls have been even weaker, however, putting all their energy and buying power into support and […]
Bitcoin price broke out of its triangle consolidation pattern, indicating that bulls are ready to take control once more. Bitcoin Price Key Highlights. Bitcoin price was previously stuck inside a symmetrical triangle consolidation pattern as bulls and bears were in a tight race. Bulls eventually won out as price made another upside breakout, following the previous break higher on an earlier triangle formation. This puts bitcoin price on track towards testing the $800 handle, which might spur profit-taking once more. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA....
Bitcoin price might be ready to resume its climb if more bulls come into action at this latest test of the rising channel support. The 100 SMA is still above the 200 SMA so the path of least resistance is to the upside, confirming that the channel support would hold. In addition, both RSI and stochastic are pointing up to show that bullish pressure is present. Apart from that, the recent test of support led to the formation of a long-wicked candle, which means that buyers put up a strong fight to prevent the pair from falling further. A bit of consolidation took place soon after, which....
Bitcoin price could be ready to resume its climb now that this area of interest held as support. Bitcoin Price Technical Analysis. Bitcoin price recently made an upside breakout from a near-term resistance around $660. Price has found resistance at the $670 area and has since pulled back to the broken resistance, which appears to have held as support. This signals that bitcoin bulls could be ready to charge once more, although technical indicators are suggesting otherwise. Technical Indicators Signals. The 100 SMA is still below the longer-term 200 SMA so the path of least resistance is to....
The XRP price is getting ready to surge to new highs as bulls attempt to hold a critical resistance level. Recently, the cryptocurrency experienced a major breakdown as market downside pressure increased. If it can break above its descending resistance, analysts believe it could bounce back above $3 soon. XRP Price Set To Skyrocket Above $3 A Pseudonymous TradingView crypto analyst known as “MyCryptoParadise” has outlined XRP’s future price trajectory, predicting a surge toward $3.3 for the popular cryptocurrency. The analyst shared a chart outlining key support and resistance levels while....