Tag Archives: Binance Coin

Bitcoin

Nearly 10% Value Erased In Market Shake-Up

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Binance Coin (BNB) succumbs to bearish strain alongside different altcoins available in the market. In keeping with the newest market knowledge, the token is down practically 10% since final week representing an enormous slash in worth for traders within the long-term. The massive drop is as a result of present underperforming market after the key cryptocurrencies slipped with Bitcoin and Ethereum by nearly 10% respectively. 

Regardless of the latest regulatory turmoil between the Securities and Alternate Fee and Binance, BNB nonetheless reveals some power because it maintains its prime 4 spot, topping SOL and XRP. 

Binance Coin Market Vs Macroeconomics

The early half of August is held in excessive regard by each crypto finance and conventional finance traders as main financial indicators are set to be introduced. With the previous six indicators flashing purple or impartial, it stays to be seen whether or not the following few will likely be bullish for the broader monetary world. 

However final week, the Federal Open Market Committee held in opposition to decreasing rates of interest as inflation was nonetheless “considerably elevated.” Nonetheless, this opened the highway to September fee cuts because the inflation slows, serving to the market achieve gradual floor in the long term. 

Though the market stays considerably optimistic for the September minimize, it has since light because the broader market slips as investor nervousness stays excessive. The S&P 500 and Dow Jones fell by nearly 2% respectively. 

BNB is at present buying and selling at $526. Chart: TradingView

This additional exacerbated the market correction inside the crypto market. As of writing, the crypto market is down greater than 2% prior to now 24 hours. BNB was not spared, with the BNB Chain metrics falling amidst the market downturn. 

Regardless of this, long-term traders within the token proceed to stay robust regardless of bearish market situations. In keeping with CoinGlass, BNB market positions stay majority lengthy with a slight uptick within the quick place takers. 

Nonetheless, spinoff contracts that includes BNB took a dip with the open curiosity dropping by a major margin. 

Though the token follows the broader market, BNB nonetheless stays a powerful funding regardless of the hostile market situations.

Associated Studying

Essential BNB Stage Stays However For How Lengthy?

The hostile market setting is slowly dying down however with the present uncertainties inside the macroeconomic facet of issues, it stays to be seen whether or not the BNB bulls can proceed to stem the tide. 

Conserving apart worth, having a majority of lengthy positions for the token is advantageous for the bulls because it helps keep investor confidence within the token. Regardless of this, the bulls have a great distance forward. 

Stabilizing the value across the $514 worth vary must be their #1 precedence. A bearish breakthrough on this stage will result in extra bleeding, which could flip traders from lengthy positions to quick positions. 

If held efficiently, BNB bulls have a powerful jump-off level to retake the late-July ranges of $558. 

Featured picture from Pexels, chart from TradingView

Bitcoin

BNB Price Eyes $600 Milestone: Will Bulls Break The Barrier?

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BNB value began a gentle enhance above the $550 resistance. The worth is now consolidating and may intention for extra positive factors above $585.

  • BNB value began a good upward transfer from the $500 help zone.
  • The worth is now buying and selling above $550 and the 100-hourly easy transferring common.
  • There’s a connecting bullish development line forming with help at $572 on the hourly chart of the BNB/USD pair (knowledge supply from Binance).
  • The pair might lengthen its enhance if it clears the $588 resistance within the close to time period.

BNB Value Begins Contemporary Improve

Previously few days, BNB value noticed a good upward transfer from the $500 help zone, like Ethereum and Bitcoin. The worth was capable of climb above the $535 and $550 resistance ranges.

It even cleared the $570 resistance. The present wave surpassed the 61.8% Fib retracement stage of the draw back correction from the $587 swing excessive to the $555 low. The worth is now buying and selling above $550 and the 100-hourly easy transferring common.

It’s now consolidating above the 76.4% Fib retracement stage of the draw back correction from the $587 swing excessive to the $555 low. There’s additionally a connecting bullish development line forming with help at $572 on the hourly chart of the BNB/USD pair.

On the upside, the worth might face resistance close to the $585 stage. The following resistance sits close to the $588 stage. A transparent transfer above the $588 zone might ship the worth greater. Within the acknowledged case, BNB value might check $600.

A detailed above the $600 resistance may set the tempo for a bigger enhance towards the $625 resistance. Any extra positive factors may name for a check of the $640 stage within the coming days.

Are Dips Supported?

If BNB fails to clear the $588 resistance, it might begin a draw back correction. Preliminary help on the draw back is close to the $572 stage or the development line.

The following main help is close to the $564 stage. The principle help sits at $550. If there’s a draw back break under the $550 help, the worth might drop towards the $535 help. Any extra losses might provoke a bigger decline towards the $520 stage.

Technical Indicators

Hourly MACD – The MACD for BNB/USD is gaining tempo within the bullish zone.

Hourly RSI (Relative Energy Index) – The RSI for BNB/USD is at the moment above the 50 stage.

Main Help Ranges – $572 and $564.

Main Resistance Ranges – $588 and $600.

Bitcoin

BNB Price Steadies Above Support: Is a Bullish Comeback on the Horizon?

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BNB worth began a restoration wave above the $500 resistance. The value is now consolidating and would possibly purpose for extra positive factors above $530.

  • BNB worth began an honest upward transfer from the $472 assist zone.
  • The value is now buying and selling above $500 and the 100-hourly easy shifting common.
  • There’s a key rising channel forming with assist at $518 on the hourly chart of the BNB/USD pair (information supply from Binance).
  • The pair may prolong its restoration wave if it clears the $530 resistance within the close to time period.

BNB Value Begins Restoration

Previously few days, BNB worth noticed an honest restoration wave from the $472 assist zone, like Ethereum and Bitcoin. The value was in a position to climb above the $495 and $500 resistance ranges.

It even cleared the $520 resistance, however the bears have been energetic close to the $530 zone. A excessive was shaped at $529.2 and the value is now consolidating positive factors. It’s buying and selling above the 23.6% Fib retracement degree of the upward transfer from the $471 swing low to the $529 excessive.

The value is now buying and selling above $520 and the 100-hourly easy shifting common. There may be additionally a key rising channel forming with assist at $518 on the hourly chart of the BNB/USD pair.

If there’s one other restoration wave, the value may face resistance close to the $530 degree. The following resistance sits close to the $542 degree. A transparent transfer above the $542 zone may ship the value increased. Within the acknowledged case, BNB worth may check $550.

An in depth above the $550 resistance would possibly set the tempo for a bigger improve towards the $565 resistance. Any extra positive factors would possibly name for a check of the $580 degree within the coming days.

One other Decline?

If BNB fails to clear the $530 resistance, it may begin a contemporary decline. Preliminary assist on the draw back is close to the $520 degree or the channel pattern line.

The following main assist is close to the $508 degree. The principle assist sits at $500 and the 50% Fib retracement degree of the upward transfer from the $471 swing low to the $529 excessive. If there’s a draw back break beneath the $500 assist, the value may drop towards the $485 assist. Any extra losses may provoke a bigger decline towards the $472 degree.

Technical Indicators

Hourly MACD – The MACD for BNB/USD is dropping tempo within the bullish zone.

Hourly RSI (Relative Power Index) – The RSI for BNB/USD is at present close to the 50 degree.

Main Help Ranges – $520 and $500.

Main Resistance Ranges – $530 and $542.

Bitcoin

Bears Eye $420 With 20% Decline

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Aayush Jindal, a luminary on the earth of monetary markets, whose experience spans over 15 illustrious years within the realms of Foreign exchange and cryptocurrency buying and selling. Famend for his unparalleled proficiency in offering technical evaluation, Aayush is a trusted advisor and senior market professional to buyers worldwide, guiding them by way of the intricate landscapes of contemporary finance along with his eager insights and astute chart evaluation.

From a younger age, Aayush exhibited a pure aptitude for deciphering advanced techniques and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he launched into a journey that will lead him to turn out to be one of many foremost authorities within the fields of Foreign exchange and crypto buying and selling. With a meticulous eye for element and an unwavering dedication to excellence, Aayush honed his craft over time, mastering the artwork of technical evaluation and chart interpretation.
As a software program engineer, Aayush harnesses the ability of expertise to optimize buying and selling methods and develop progressive options for navigating the risky waters of monetary markets. His background in software program engineering has geared up him with a singular talent set, enabling him to leverage cutting-edge instruments and algorithms to realize a aggressive edge in an ever-evolving panorama.

Along with his roles in finance and expertise, Aayush serves because the director of a prestigious IT firm, the place he spearheads initiatives aimed toward driving digital innovation and transformation. Underneath his visionary management, the corporate has flourished, cementing its place as a pacesetter within the tech business and paving the best way for groundbreaking developments in software program growth and IT options.

Regardless of his demanding skilled commitments, Aayush is a agency believer within the significance of work-life stability. An avid traveler and adventurer, he finds solace in exploring new locations, immersing himself in numerous cultures, and forging lasting reminiscences alongside the best way. Whether or not he is trekking by way of the Himalayas, diving within the azure waters of the Maldives, or experiencing the colourful vitality of bustling metropolises, Aayush embraces each alternative to broaden his horizons and create unforgettable experiences.

Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast dedication to steady studying and development. His educational achievements are a testomony to his dedication and fervour for excellence, having accomplished his software program engineering with honors and excelling in each division.

At his core, Aayush is pushed by a profound ardour for analyzing markets and uncovering worthwhile alternatives amidst volatility. Whether or not he is poring over worth charts, figuring out key help and resistance ranges, or offering insightful evaluation to his shoppers and followers, Aayush’s unwavering dedication to his craft units him aside as a real business chief and a beacon of inspiration to aspiring merchants across the globe.

In a world the place uncertainty reigns supreme, Aayush Jindal stands as a guiding mild, illuminating the trail to monetary success along with his unparalleled experience, unwavering integrity, and boundless enthusiasm for the markets.

Bitcoin

BNB Price Struggles as Bullish Momentum Wanes: Can It Overcome Hurdles?

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Aayush Jindal, a luminary on the earth of economic markets, whose experience spans over 15 illustrious years within the realms of Foreign exchange and cryptocurrency buying and selling. Famend for his unparalleled proficiency in offering technical evaluation, Aayush is a trusted advisor and senior market knowledgeable to traders worldwide, guiding them via the intricate landscapes of contemporary finance along with his eager insights and astute chart evaluation.

From a younger age, Aayush exhibited a pure aptitude for deciphering advanced methods and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he launched into a journey that will lead him to grow to be one of many foremost authorities within the fields of Foreign exchange and crypto buying and selling. With a meticulous eye for element and an unwavering dedication to excellence, Aayush honed his craft over time, mastering the artwork of technical evaluation and chart interpretation.
As a software program engineer, Aayush harnesses the facility of know-how to optimize buying and selling methods and develop modern options for navigating the unstable waters of economic markets. His background in software program engineering has outfitted him with a singular ability set, enabling him to leverage cutting-edge instruments and algorithms to achieve a aggressive edge in an ever-evolving panorama.

Along with his roles in finance and know-how, Aayush serves because the director of a prestigious IT firm, the place he spearheads initiatives geared toward driving digital innovation and transformation. Below his visionary management, the corporate has flourished, cementing its place as a frontrunner within the tech business and paving the way in which for groundbreaking developments in software program growth and IT options.

Regardless of his demanding skilled commitments, Aayush is a agency believer within the significance of work-life steadiness. An avid traveler and adventurer, he finds solace in exploring new locations, immersing himself in numerous cultures, and forging lasting reminiscences alongside the way in which. Whether or not he is trekking via the Himalayas, diving within the azure waters of the Maldives, or experiencing the colourful vitality of bustling metropolises, Aayush embraces each alternative to broaden his horizons and create unforgettable experiences.

Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast dedication to steady studying and development. His educational achievements are a testomony to his dedication and fervour for excellence, having accomplished his software program engineering with honors and excelling in each division.

At his core, Aayush is pushed by a profound ardour for analyzing markets and uncovering worthwhile alternatives amidst volatility. Whether or not he is poring over worth charts, figuring out key help and resistance ranges, or offering insightful evaluation to his purchasers and followers, Aayush’s unwavering dedication to his craft units him aside as a real business chief and a beacon of inspiration to aspiring merchants across the globe.

In a world the place uncertainty reigns supreme, Aayush Jindal stands as a guiding gentle, illuminating the trail to monetary success along with his unparalleled experience, unwavering integrity, and boundless enthusiasm for the markets.

Bitcoin

BNB Coin Price Hits Critical Support Level: Is a Rebound on the Horizon?

BNB worth began a draw back correction from the $585 zone. The worth should keep above $570 to begin a recent enhance within the close to time period.

  • BNB worth began a recent decline after it didn’t clear the $585 resistance zone.
  • The worth is now buying and selling beneath $580 and the 100 easy shifting common (4 hours).
  • There’s a key bullish development line forming with help close to $570 on the hourly chart of the BNB/USD pair (information supply from Binance).
  • The pair might begin a recent enhance if it stays above the $570 help.

BNB Value Holds Help

After a good enhance, BNB worth struggled close to the $585 resistance. Because of this, there was a bearish response beneath the $580 help, like Ethereum and Bitcoin.

The worth dipped beneath the $575 help and the 100 easy shifting common (4 hours). It traded as little as $571 and is presently consolidating losses. There may be additionally a key bullish development line forming with help close to $570 on the hourly chart of the BNB/USD pair.

There was a minor upward transfer above the $575 stage. The worth cleared the 23.6% Fib retracement stage of the downward transfer from the $586 swing excessive to the $571 low. It’s now buying and selling beneath $580 and the 100 easy shifting common (4 hours).

Quick resistance is close to the $578 stage or the 50% Fib retracement stage of the downward transfer from the $586 swing excessive to the $571 low. The subsequent resistance sits close to the $582 stage.

A transparent transfer above the $582 zone might ship the worth larger. Within the said case, BNB worth might take a look at $588. A detailed above the $588 resistance would possibly set the tempo for a bigger enhance towards the $600 resistance. Any extra positive aspects would possibly name for a take a look at of the $612 stage within the coming days.

Extra Losses?

If BNB fails to clear the $582 resistance, it might proceed to maneuver down. Preliminary help on the draw back is close to the $572 stage and the development line.

The subsequent main help is close to the $562 stage. The principle help sits at $550. If there’s a draw back break beneath the $550 help, the worth might drop towards the $532 help. Any extra losses might provoke a bigger decline towards the $525 stage.

Technical Indicators

Hourly MACD – The MACD for BNB/USD is shedding tempo within the bearish zone.

Hourly RSI (Relative Power Index) – The RSI for BNB/USD is presently beneath the 50 stage.

Main Help Ranges – $572, $562, and $550.

Main Resistance Ranges – $582, $588, and $600.

Bitcoin

End Of The Road For BNB After 200% Surge? Mounting Resistance Threatens Rally

BNB, the native cryptocurrency of the BSC community, has undoubtedly been one of many successful altcoins scene the bull market started. The worth has been capable of go from round $200 to over $600 within the house of a yr, notching over 200% good points within the course of. Nonetheless, it appears that evidently this outperformance by the altcoin is coming to an finish, as an analyst predicts that it’s about to hit large resistance that might cease its development useless in its path.

BNB Headed For Mounting Resistance

In an evaluation that was shared on the TradingView web site, crypto analyst Commerce Metropolis Professional revealed that the BNB token might need to combating large resistance quickly. The analyst factors out that this can be a end result of the bullish rally that the altcoin has seen within the final yr, and now bears are maki g their stand.

Associated Studying

The analyst factors to Bitcoin’s efficiency throughout this time as one thing that might assist to pinpoint the place the BNB worth is headed subsequent. As they clarify, BNB dangers falling into correction and consolidation after that, making its present degree a deadly one for traders.

Primarily, the crypto analyst credit the altcoin’s efficiency from right here on what Bitcoin does subsequent. BNB, which is at the moment the 4th-largest cryptocurrency by market cap, mirrors Bitcoin’s actions to a bigger extent in comparison with smaller altcoins. So, Commerce Metropolis Professional’s evaluation with respect to Bitcoin just isn’t far off.

For affirmation of whether or not the BNB token continues to be one thing to promote or maintain, the analyst locations the last word resolution across the $48,000 degree for Bitcoin. They clarify {that a} dump beneath $48,000 could be a promote sign. Nonetheless, if the Bitcoin worth have been to keep up power above $48,000, then they’d proceed to carry the altcoin.

What Occurs In The Occasion Of A Value Crash?

Ought to the BNB worth crash from right here, the crypto analyst has ready an motion plan that might assist traders make the most of it. For instance, a Bitcoin crash beneath $48,000 may ship the BNB worth beneath $400, and at this degree, the analyst believes shopping for could be a very good transfer. That is what the analyst refers to because the “Potential Re-Entry” level.

Then, for “Getting into After Resistance,” the analyst advises traders to purchase the altcoin if the worth is ready to reclaim $616 and keep above it. This degree is vital as a result of the $616-$660 vary is recognized within the evaluation as a big resistance zone, and so beating it is vital for the BNB worth to proceed its rally.

Associated Studying: How Excessive Can The XRP Value Go? Crypto Analyst Unveils 6-Month Prediction

Moreover, Commerce Metropolis Professional provides that the Fibonacci Retracement Ranges would possibly provide a degree for re-entry into the altcoin. “In case of a correction, the important thing Fibonacci ranges from the final upward wave at 0.5 and 0.618 (between $394 to $430) would possibly provide good entry factors. Anticipate a response or momentum change at these ranges earlier than getting into,” they acknowledged.

Lastly, the analyst factors out that BNB has probably not adopted the broader market in latest instances, which may imply one thing is coming. “It’s intriguing that BNB appears comparatively unaffected by broader market circumstances, suggesting Binance is likely to be positioning for one thing distinctive,” Commerce Metropolis Professional stated in closing.

BNB price chart from Tradingview.com (Binance Coin)
BNB bulls holding above $550 assist | Supply: BNBUSDT on Tradingview.com

Chart from Tradingview.com

Bitcoin

BNB Price Recovery in Limbo: Potential Cap Looms Amid Market Uncertainties

BNB worth is displaying bearish indicators beneath the $600 degree. The value should settle above the $575 and $585 resistance ranges to achieve bullish momentum.

  • BNB worth began a contemporary decline after it didn’t clear the $600 resistance zone.
  • The value is now buying and selling beneath $585 and the 100 easy shifting common (4 hours).
  • There’s a key bearish pattern line forming with resistance close to $575 on the hourly chart of the BNB/USD pair (information supply from Binance).
  • The pair may achieve bullish momentum if it clears the $585 resistance zone.

BNB Worth Dips Once more

After a good enhance, BNB worth struggled close to the $600 resistance. Because of this, there was a bearish response beneath the $585 assist, like Ethereum and Bitcoin.

The value dipped beneath the $575 assist and the 100 easy shifting common (4 hours). It traded as little as $561 and is at the moment consolidating losses. There was a minor upward transfer above the $565 degree. The value examined the 23.6% Fib retracement degree of the downward transfer from the $600 swing excessive to the $561 low.

It’s now buying and selling beneath $585 and the 100 easy shifting common (4 hours). Fast resistance is close to the $575 degree. There may be additionally a key bearish pattern line forming with resistance close to $575 on the hourly chart of the BNB/USD pair.

The subsequent resistance sits close to the $585 degree or the 61.8% Fib retracement degree of the downward transfer from the $600 swing excessive to the $561 low. A transparent transfer above the $585 zone may ship the worth greater.

Within the said case, BNB worth may take a look at $600. An in depth above the $600 resistance may set the tempo for a bigger enhance towards the $650 resistance. Any extra positive factors may name for a take a look at of the $680 degree within the coming days.

Extra Losses?

If BNB fails to clear the $575 resistance, it may proceed to maneuver down. Preliminary assist on the draw back is close to the $560 degree.

The subsequent main assist is close to the $550 degree. The primary assist sits at $532. If there’s a draw back break beneath the $532 assist, the worth may drop towards the $510 assist. Any extra losses may provoke a bigger decline towards the $500 degree.

Technical Indicators

Hourly MACD – The MACD for BNB/USD is shedding tempo within the bearish zone.

Hourly RSI (Relative Power Index) – The RSI for BNB/USD is at the moment beneath the 50 degree.

Main Help Ranges – $565, $550, and $532.

Main Resistance Ranges – $575, $585, and $600.

Bitcoin

BNB Price Faces Crucial Test: Will $600 Withstand the Pressure?

BNB value is trying a recent enhance from the $540 zone. The value should settle above the $600 resistance to achieve bullish momentum.

  • BNB value began a recent enhance after it cleared the $565 resistance zone.
  • The value is now buying and selling above $580 and the 100 easy shifting common (4 hours).
  • There’s a key bullish development line forming with assist at $592 on the 4-hour chart of the BNB/USD pair (information supply from Binance).
  • The pair might achieve bullish momentum if it clears the $602-$610 resistance zone.

BNB Value Holds Assist

After forming a base above the $535 stage, BNB value began a recent enhance. There was a gradual enhance above the $565 and $575 resistance ranges, like Ethereum and Bitcoin.

The bulls pushed the worth above the $580 pivot stage and the 61.8% Fib retracement stage of the downward transfer from the $618 swing excessive to the $5382 low. It’s now buying and selling above $590 and the 100 easy shifting common (4 hours).

There may be additionally a key bullish development line forming with assist at $592 on the 4-hour chart of the BNB/USD pair. The pair appears to be consolidating close to the 76.4% Fib retracement stage of the downward transfer from the $618 swing excessive to the $5382 low.

Fast resistance is close to the $602 stage. The following resistance sits close to the $618 stage. A transparent transfer above the $618 zone might ship the worth additional increased.

Supply: BNBUSD on TradingView.com

Within the acknowledged case, BNB value might check $635. A detailed above the $635 resistance would possibly set the tempo for a bigger enhance towards the $650 resistance. Any extra good points would possibly name for a check of the $680 stage within the coming days.

Are Dips Supported?

If BNB fails to clear the $602 resistance, it might begin a draw back correction. Preliminary assist on the draw back is close to the $592 stage and the development line.

The following main assist is close to the $578 stage. The principle assist sits at $555. If there’s a draw back break beneath the $555 assist, the worth might drop towards the $530 assist. Any extra losses might provoke a bigger decline towards the $520 stage.

Technical Indicators

4-Hours MACD – The MACD for BNB/USD is gaining tempo within the bullish zone.

4-Hours RSI (Relative Energy Index) – The RSI for BNB/USD is at present above the 50 stage.

Main Assist Ranges – $592, $578, and $555.

Main Resistance Ranges – $602, $618, and $650.