Binance Coin (BNB) Surging Above $12 Whereas BTC and ETH Tumble

2019-3-5 06:56

Binance Coin (BNB) rallied recently above the $12.00 and $12.50 resistances against the US Dollar. BNB is gaining bullish momentum while bitcoin, Ethereum, ripple and litecoin extended losses.

Key Talking Points

Binance coin is outpacing major cryptocurrencies as it rallied above $12.00 against the US Dollar. There was a break above a crucial bearish trend line with resistance at $11.50 on the 4-hours chart of BNB/USD (Data feed via Binance, price calculated by Trading view). BNB price broke the last swing high and it could now trade towards $12.80 and $13.00. Binance Coin Price Analysis (BNB to USD)

In the past few days, we saw a lot of bearish moves in bitcoin, ripple, Ethereum, litecoin, bitcoin cash, eos and other cryptocurrencies. However, Binance coin (BNB) remained in a bullish zone and extended gains above the $12.00 resistance.

Looking at the chart, the price corrected lower recently and tested the $11.00-11.10 support area. A new base was formed and later the price rallied above the $11.50 and $12.00 resistance levels. There was a close above the $12.00 level and the 100 simple moving average (4-hours).

Besides, there was a break above a crucial bearish trend line with resistance at $11.50 on the 4-hours chart of BNB/USD. The pair broke the last swing high at $12.10 and surged above the 1.236 Fib extension level of the last decline from the $12.16 high to $11.08 low.

The price traded to a new yearly high above $12.50 and it seems like the price could continue to move higher in the coming sessions. The next stop for buyers could be $12.80.

The 1.618 Fib extension level of the last decline from the $12.16 high to $11.08 low is near the $12.83 to act as a resistance. The next important resistance is at $13.00, above which the price could test $13.20.

Overall, binance coin is surging higher and it remains in a solid uptrend towards $13.00. If BNB price corrects lower, the previous resistances near the $12.10 and $12.00 levels are likely to act as supports in the near term.

The market data is provided by TradingView.

The post Binance Coin (BNB) Surging Above $12 Whereas BTC and ETH Tumble appeared first on Ethereum World News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Binance Coin (BNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $562.5
Капитализация $0 Rank 99999
Цена в час новости $ 13 (-100%)

bnb binance coin above ethereum tumble whereas

Источник: ethereumworldnews.com

bnb binance → Результатов: 126


Binance: BNB Chain DEX Drops 24% In Volume As Mpeppe (MPEPE) Gains BNB Community Support and Momentum

The decentralized exchange (DEX) on Binance’s BNB Chain has recently experienced a significant drop in trading volume, with reports showing a 24% decrease over the past month. As Binance Coin (BNB) Chain’s DEX activity slows, new projects like Mpeppe (MPEPE) are quickly gaining traction among the Binance Coin (BNB) community. Mpeppe (MPEPE), a memecoin with […]

2024-9-7 17:24


Фото:

Binance completes 28th quarterly BNB token burn, billions of coins incinerated

The crypto market eyes new ATHs following Bitcoin’s recent uptick towards $68.5K. Amidst the optimism, exchange Binance unveiled vital updates about altcoin BNB. BNB’s massive token burns The Binance Foundation confirmed that the BNB Chain finalized its 28th quarterly asset burn, which saw the platform destroying tokens worth $971 million (1,643,698.8 BNB coins). BNB Chain […]

2024-7-22 11:30


В Binance создали альянс для поддержки Web3-стартапов

Экосистема BNB Chain и Binance Labs запустили BNB Incubation Alliance, с помощью которого планируют поддерживать Web3-проекты на ранней стадии. Отбирать перспективные проекты для инкубации будут через серию глобальных мероприятий, проводимых совместно с ведущими венчурными фондами и сообществами разработчиков.

2024-6-13 16:00


Фото:

Binance планирует объединить сети BNB

Разработчики Binance объявили о планах по слиянию двух блокчейнов: BNB Beacon Chain (BEP-2) и BNB Smart Chain (BEP-20) в единую сеть. Это решение направлено на упрощение текущей двойной структуры сети и повышение её безопасности.

2024-1-15 16:22


Фото:

BNB valuation curious as trouble mounts for Binance

The native token of the Binance ecosystem, BNB, is trading at a one-year low.  The token is down 30% over the last month as it careens from one crisis to the next. It has come under further pressure this week amid a report published in the Wall Street Journal over claims it is violating Russian […] The post BNB valuation curious as trouble mounts for Binance appeared first on Invezz.

2023-8-24 17:09


Binance провела сжигание около 2 млн монет BNB

Компания Binance провела 24 ежеквартальное сжигание токенов BNB, в результате которого из обращения было выведено 1 991 854 BNB на сумму примерно в $484 млн на момент написания. The 24th quarterly $BNB token burn has been completed through #BNB Auto-Burn.

2023-7-19 11:50


Распродажа криптовалюты от Binance: перспективы токена BNB

Курс BNB в июне 2023 года заметно колеблется. Сначала упал на 27%, а затем вырос на 10%. Инвесторы не знают, что делать со своими накоплениями. А руководство Binance уверяет, что ситуация с BNB под контролем.

2023-6-20 19:48


Binance Coin Price Analysis & Prediction (April 10th) – BNB Remains Weak After a Steady Three-Week Drops, Down by 1.8%

Binance Coin continues to correct lower for three weeks. It saw a substantial loss this week following a rejection in the past month. It is still looking for firm support to foot another bullish. After marking a multi-high at $346 in mid-March, BNB saw a sudden rejection and started to lose momentum. Up till now, […]

2023-4-11 08:40


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

0DOG and MATIC price prediction amid Polygon’s token swap

Bitcoin fell to lows of $56k again as crypto dumped amid a fresh surge in stocks. Many altcoins are mirroring this dump, including Polygon and Bitcoin Dogs. Yet, as the market experiences new downside pressure at the start of a historically tough September, most experts are doubling down on a bounce for Bitcoin in coming […] The post 0DOG and MATIC price prediction amid Polygon’s token swap appeared first on CoinJournal.

Bitcoin Remains On Top As Altcoin Season Fails To Gain Traction

The cryptocurrency market experienced a significant rally last week, providing a much-needed boost for many short-term speculators to turn profits. Bitcoin led the charge, surpassing the $64,790 mark, though the momentum appeared to have eased by the time of writing.