BNB Holders Should Brace For This Trend Reversal – Happy Days Over?
BNB, a native token of the Binance cryptocurrency exchange, made it through the bearish month of September with minimal losses. BNB currently trades at $285.40 and is up by 3.4% for the past two weeks The altcoin’s MVRV declines, indicating possible price drop Social volume of BNB dips as interest may be fading With its $45.8 billion market capitalization, it is the 5th largest digital currency behind Bitcoin, Ethereum and Tether. At press time, according to Coingecko, the coin first introduced via ICO in 2017 is trading at $281.40, increasing its price by 3.4% during the last 14 days. The....
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There’s an ongoing meme coin war and it pits a lesser known coin against two other well-entrenched cryptos in the space today. FLOKI is a crypto based on Elon Musk’s dog that has the same name Floki Inu’s market cap is less than $1 billion The crypto has been on a decline after it bottomed in June 2022 Floki Inu (FLOKI), a meme crypto that was inspired by the dog of self-proclaimed “Dogefather” Elon Musk, is aiming to surpass Dogeoin (DOGE) and Shiba Inu (SHIB). That could prove to be easier said than done as it is losing to its fellow dog-themed cryptoccurencies in several....
Four days ago, I wrote an article describing how Bitcoin nearly hit the $600 mark during its surge, stopping at $585. The price increase slowed for a day or two, and Bitcoin’s value remained steady. Over the past 48 hours, however, Bitcoin’s price has risen dramatically, from $570 to $640, a 12.3% increase. After the initial surge four days ago, CCN writer Venzen Khaosan predicted that the “price will reverse from current levels around $600 and may retrace at least 50% of the advance to $520″, and that “traders and investors should brace themselves for a strong price reversal.” That....
Bitcoin could soon see a bullish trend reversal as an on-chain indicator suggests it will do so. The on-chain indicator has predicted a number of notable price trends over the past few years. For one, during 2017’s bull market, the indicator formed a number of bounces off the 1.0 reading. Other fundamental trends also suggest that the prevailing Bitcoin trend is bullish. Bitcoin Could See a Bullish Trend Reversal Very Shortly: Key On-Chain Analysis Bitcoin […]
Ethereum price is at a stage of forming a hidden reversal of a long-term downward trend. The price is still in the area of high volatility. ETH/USD. Ethereum’s rebound from $10.5 can provoke an increase in volatility. Such a development of the upward trend can indicate a possible hidden reversal. That reversal is taking place at a subwave level when there is a clear advantage of one group of traders over the other. Two possible course of events. Break through $11.7 mark and continuation of growth towards $20. A confirmation of this scenario would be a fortification of Ethereum price above....
The DXY Dollar Currency Index is above the 100 level for the first time since the pandemic struck and lax monetary policy sent Bitcoin — and inflation rates — soaring. When or will the trend weaken, and what might continued strength or sudden reversal mean for Bitcoin and the rest of crypto? Fed Rate Hike […]