Another failure for buyers, the next one will be the right one? – Resistance at $330 is holding on Binance Coin. Buyers fail again. Despite the Bitcoin’s recent rise, altcoins are still struggling to express themselves. There shanghai update took place successfully, allowing during theETH to get closer to the psychological round number at 2 000 dollars. Could token exchanges now benefit from capital rotation? What are the technical levels to keep in mind? It’s Exchange Token Weekly!
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The price of Binance Coin finally ready to break the resistance at 330 dollars?
Binance Coin Analysis in 3 Days
Now, it has already been nearly a year since the Binance Coin (BNB) evolved between $215 and $330. Despite Bitcoin’s recent rise, BNB has difficulty expressing oneselflike most altcoins right now.
We can see it. The lesson is done once again repel at the level of resistance at $330 The course is currently evolving at the level of institutional bias (EMA 9/EMA 18) bullish. It could act as a dynamic support. Buyers should keep the last trough at 300 dollars and break the resistance at $330, closing above the latest high at $346. Closing in this way would provide a glimpse of a return to the level of the last high at $398. To find a bullish momentum on a weekly basis, it will be necessary to close above this peak.
The RSI is contracting. The troughs are ascending and the peaks are descending. A violent movement could occur once the direction is clear.
BNB Price Could Rebound From 4-Hour Support At $319
In 4H, the price blocked at the resistance level at 330 dollars. From now on, the course evolves at the level of the support at 319 dollars.
Despite the volatility, the institutional bias is always bullish. Buyers have the opportunity to show themselves here. If this scenario takes place, we could once again find the price at the level of the weekly resistance at 330 dollars. A fence above the last high at $333 would relaunch a momentum with troughs and ascending peaks. If the price starts to settle below the support, a return to the level of the next support at $300 is possible.
The RSI East solid. He keeps the bullish trendline initiated a few weeks ago. We should maintain a momentum with troughs and ascending peaks.
Free fall for the BNB/BTC pair
The BNB/BTC pair continues to show a bearish momentum. Moreover, the price seems to have broken the weekly support. In effect, no buyer reaction is not visible at the moment.
Institutional bias pushed the course back several times. He could still act as rebound resistance. We will have to wait for a change in momentum to be bullish on this pair. For now, sellers have the hand.
For his part, the RSI East bearish for many months. Here again, we will have to wait for a momentum with bottoms and rising tops to be optimistic on this asset. The sellers have their hands on the momentum.
Buyers could drive Coinbase back to $82?
Analyzing the price of Coinbase allows you to know whether or not institutions are interested in cryptocurrencies. During the year 2022the price fell sharply. Operators were selling the cryptocurrency industry. In 2023the situation seems to have stabilizedbut it is not won yet.
The situation is far from perfect for the price of Coinbase. The course continues between 48 and 82 dollars, but the momentum is not bullish on a weekly basis. This would require closing above $88 and using this level as support. Currently, buyers seem to be present. A return to the resistance level at $82 seems possible. In the event of a fence above the last peak at 88 dollarsthe buyers could take advantage of this to return to the level of the next resistance at $160.
The RSI continue to be solid, as has been the case for several months. The situation seems to be stabilizing on the Coinbase side. Good news for the cryptocurrency industry?
The price of the OKB is contracting: volatility to come?
The OKX platform token drop in volatility. In fact, the course contract. The troughs are ascending, while the peaks are descending.
There is no clear direction currently on this asset. There primary dynamics East bullish. A fence above the last high at $52 would relaunch this dynamic. In this case, the price could return to the level of the Fibonacci extensions 1.618 and 2 located between 65 and 79 dollars. Attention ! If the course begins to settle under the $41 bracket and sellers manage to push below $37.5, the momentum will change. In this case, the sellers would regain control of this asset, and a return to the level of the next support at $33 is possible.
The RSI is always bearish. We will have to wait for a momentum with bottoms and rising tops to be optimistic. Also, it will be necessary to develop beyond the bearish trendline. For now, buyers are asleep. The sellers have the momentum.
The price of KCS rebounds at the support level at 8.5 dollars?
As with OKB, the KuCoin platform token remains undecided. Indeed, the course always evolves between $7.75 and $9.7.
Buyers seem to react at the level of weekly support at $8.5but the reaction remains shy For now. A close above $9.7 would rekindle momentum and regain weekly resistance at $10.5. Should it break below the support and close below $7.75, the sellers would regain control. Indeed, such a fence would mark a « M top ». In this case, a return to the level of the next support at $6.5 is possible.
The RSI is always fragile. It evolves below the bearish trendline. It would be necessary for this trendline to give way and for the RSI to develop above it.
In the end, the buyers again failed at the level of the weekly resistance at $330 on the Binance Coin. In 4 hour time unit, buyers have the opportunity to react here to bring the price to 330 dollars. A close above the latest high at $333 would help rekindle the momentum. Bitcoin rules the market. The pair BNB/BTC keep on fall. We will have to wait for a change in momentum to be bullish on this pair. Buyers seem to be reacting to the intermediate range support level on Coinbase stock. The price could again reach the upper limit of the range at 82 dollars. It will be necessary to close above $88 to relaunch a weekly bullish momentum on this asset. I’UN is in theindecision. A close above $52 would rekindle the bullish primary momentum. On his side, the KCS rebounds timidly at the support level 8,5 dollars. A close above $9.7 would return to the weekly resistance level at $10.5.
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