您现在的位置是:Binance Coin (BNB/USD) price analysis amid fresh pains in the crypto market >>正文
Binance Coin (BNB/USD) price analysis amid fresh pains in the crypto market
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛893人已围观
简介Binance(BNB/USD) sits above a support zone of $266. At the current valuation of $281, BNB has lost 3...
Binance(BNB/USD) sits above a support zone of $266. At the current valuation of $281, BNB has lost 30% since nearly topping $400 a few days ago. A contagion of risks has been responsible for this.
First, the collapse of FTX raised caution about the financial health of crypto exchanges. As a cryptocurrency affiliated with an exchange, BNB was not spared either. Secondly, although the US inflation rate came lower for October, it remains elevated. Further rate tightening is possible despite investors eyeing a softer stance by the Federal Reserve.
With growing risks, Binance is not taking chances. CEO Changpeng Zhao recently announced that the crypto exchange had raised its Secure Asset Fund for Users to $1 billion. The move reassures the market shaken by the collapse of FTX. On November 14, CZ announced the creation of an industry fund. The fund will bail out “strong” crypto firms facing a liquidity crisis.
Amid the growing concerns and developments, BNB bulls are defending $266. The level has become significant since BNB has yet to trade below it since a breakout in July. BNB has a real chance of recovering from this level if the bulls hold ground.
BNB defends $266 amid a weak momentum and bearish MACD crossover
Source – TradingView
Technically, we should consider BNB bearish. The momentum is weak, while the recent MACD crossover supports a bearish view.
However, since BNB settled at $266, the price has regained stability. Multiple inside bars can be seen at the key support, indicating indecision in the market.
Should you buy BNB now?
The outlook is mixed for BNB priceat the support zone. Bulls are defending $266, but the technical indicators show a bearish market.
If BNB continues to maintain stability, we should watch for the formation of bullish bars at the key support. That could welcome a bullish momentum. Alternatively, a breakout of the inside bar pattern should also attract buyers to the token.
A bullish confirmation should take BNB back to the resistance at $360. We should, however, monitor the crypto sentiment to consider the level around $400 attainable.
Where to buy BNB
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Open AccountBitvavo
The Bitvavo platform was launched in 2018, with the goal to bridge the gap between traditional currencies and digital assets. Bitvavo is making digital assets accessible to everyone, by offering transparent fees, a wide range of assets and an easy to use platform.
Buy BNB with Bitvavo todayTags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/6623.html
相关文章
BTC and ETH are bullish amid demand
Binance Coin (BNB/USD) price analysis amid fresh pains in the crypto marketMike McGlone says Bitcoin and Ethereum prices could rally higher given their respective supply-deman...
阅读更多
Bitcoin’s plunge below $40k could spur a rally to $50k
Binance Coin (BNB/USD) price analysis amid fresh pains in the crypto marketA top crypto analyst has set forth that Bitcoin’s rejection at $45k indicates the asset is now...
阅读更多
Upcoming summit could push AVAX through $100 soon
Binance Coin (BNB/USD) price analysis amid fresh pains in the crypto marketAVAX is in recovery as the crypto market bounces back.Avalanche has a major summit coming up in Marc...
阅读更多
热门文章
- Indian Crypto Exchange CoinDCX To Offer New Crypto Courses
- CEX.IO predictions for Bitcoin and Ethereum
- Members of Spain’s Congress Receive Crypto for Project
- Here is why Vulcan Forged (PYR) price is skyrocketing
- Unfavourable Regulatory Environment In US Concern For Ripple
- Grayscale’s AUM increase by over $3 billion in one week
最新文章
Zcash (ZEC) continues to rally as interest in privacy tokens grows
Binance Coin (BNB) consolidates at $350
Everything you need to know about India’s newest crypto sensation GARI
VeChain (VET) is pulling up after epic downfall
Minting of Mavatrix, first NFT collection on BSC is complete
Grayscale could help push BTC above $40k