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Bitcoin bulls are holding on to the $55,500 support, but an increase in futures open interest and a death cross on the BTC chart have traders worried that further downside is in store.
Sellers are keeping the pressure on, according to CoinMarketCap.
Binance Coin, the native token of the Binance exchange, has struggled to push past a critical resistance level marked by a descending trendline. This trendline has been a formidable barrier for BNB since mid-July, and recent attempts to break through it have proven unsuccessful.
One of the main characteristics of innovative projects is that they always come up with revolutionary innovations. DTX Exchange (DTX), the first hybrid exchange, is also on its way to revolutionize the trading industry by introducing a no-KYC wallet in August.
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) Ethereum continues to struggle above the key support at $2,400 and fell by 2.3% this week.
BNB struggles at key resistance as bearish indicators point to a potential decline.
After teasing with a new all-time high above $700 in early June, Binance Coin (BNB) has continued to consolidate in a bearish outlook in the past few weeks. The large-cap altcoin has viciously defended its fourth position in the crypto industry by market data, despite the notable competition from Solana (SOL).
Binance has agreed to pay $1.7 million to Brazilian Securities and Exchange Commision (CMV) over non-compliance.
Ethereum (ETH) and Binance Coin (BNB) have both posted impressive price gains over the past week. However, as the crypto market shows signs of revival, there's growing speculation about whether these recent rallies will prove to be temporary or signal sustained growth.
BNB, the native cryptocurrency of the Binance platform, is showing signs of recovery as it climbs from the $500 support zone. After a recent slump, the price is now gaining momentum and could potentially aim for a breakout above $535, signaling further gains in the coming days.
Bitcoin is finding it difficult to rise above the overhead moving averages, indicating that the bears are trying to flip the level into resistance.
BNB's recent price action has highlighted its resilience at the $491 support level. This level has been a significant point for buyers, showing multiple successful bounces which signal a potential bullish reversal.
Binance coin (BNB) price slide has slowed down as bulls hold above the $470 support level. The altcoin has been trading below the moving average lines but above the $470 support over the past week.
Discover how liquid staking with slisBNB can enhance BNB rewards, improve fund utilization, and secure the BNB Chain network.
Some of the altcoins have put on great gains since the fall-out over the yen carry trade. Binance Coin ($BNB), Toncoin ($TON) and Avalanche ($AVAX) are rallying hard.
After a long period of suspension, Binance is finally back in India.
BNB price has been steadily rising for three consecutive days, pushing its value from $503 to $528— a 5% increase. This upswing ignores the broader market uncertainty following the Bitcoin consolidation around the $60,000 level.
The news of the US recession has triggered a price correction for Bitcoin (BTC). Bitcoin (BTC) price faced turbulence as of 9th August 2024. This price turbulence has affected the Binance Coin (BNB) resulting in a massive cashout of BNB whales.
BNB price is recovering from $500, with analysts projecting $541 by end of 2024. Binance remains the largest centralized crypto exchange, while its blockchain BSC stays significant in DeFi despite TVL decrease.
Since July, the crypto market has been turbulent. Many tokens have seen their values plummet.
BNB price is recovering higher from the $500 support zone. The price is now showing positive signs and might aim for more upsides above $535.
Altcoins' rally might be short-lived, as suggested by an analysis, but what about the long term?
The recent recovery provided some consolation to investors amid the market downtrend. Toncoin (TON) and Polygon (MATIC) seem to be struggling with the market dip, while DTX Exchange (DTX) has not only been able to sustain the market but also to make strides within it.
BNB Chain launches the third round of its Meme Coin Innovation Battle, offering up to $150,000 in prizes to foster the meme coin ecosystem.
