您现在的位置是:Binance Coin Price Breaks Out Of Downtrend >>正文
Binance Coin Price Breaks Out Of Downtrend
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛57人已围观
简介Binance Coin has, after over a week of retracing, finally made a move that could propel its price ba...
Binance Coin has, after over a week of retracing, finally made a move that could propel its price back to recent highs
Fundamentals and past price performance
With Binance Smart Chain (BSC) rushing the market and becoming increasingly popular as a DeFi platform in recent weeks, BNB has not gone unnoticed. Since any performance of the BSC is linked to how people perceive and value BNB, it is safe to say that Binance Coin’s fundamentals are improving day after day.
Changpeng Zhao, the CEO of Binance, posted a tweet showing that BSC is sustaining 2x daily transaction volume when compared to Ethereum, while its underlying BNB token is at only 1/5 of ETH’s market cap:
#BSC is sustaining roughly 2x daily tx volumes compared to #ETH, while #BNB is at 1/5th of the total market cap of #ETH. pic.twitter.com/0bZvopOM6o
— CZ 🔶 Binance (@cz_binance) February 26, 2021
BNB/USD daily chart price analysis
After reaching its all-time high of $368.29, Binance Coin entered a retracement. After nine days, this retracement might be finally coming to an end after it managed to find strong support on the 21-hour EMA, which pushed its price up slightly. However, this might just be enough to propel its price back to its recent highs. On top of that, the overall cryptocurrency market is turning green, suggesting BNB will follow suit.
BNB/USD daily price chart. Source: TradingView
BNB’s RSI on the daily timeframe is slowly descending towards the regular trading range, with its current value sitting at 57.80.
BNB/USD hourly chart price analysis
Zooming in to the hourly timeframe, we can see that BNB has been following a descending line ever since 24 February. However, its recent push managed to break above it, as well as stabilising its price without dropping back below.
BNB/USD 1-hour chart. Source: TradingView
BNB’s currently trying to confirm its position above this level, with both the descending line, 21-hour and 50-hour EMAs below it. However, not everything is up to BNB, as overall market movements played a significant role in recent days.
Tags:
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/2117.html
相关文章
Bitcoin price declines 10% to touch $47,658
Binance Coin Price Breaks Out Of DowntrendBTC fell to lows of $47,600 bringing weekly losses to over 23%The price of Bitcoin fell 10% in 24 ho...
阅读更多
The world's largest 3D printed building: an equestrian facility in Florida
Binance Coin Price Breaks Out Of DowntrendBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.COBOD, wh...
阅读更多
Maxar 'on schedule' to begin production of new satellite buses this year
Binance Coin Price Breaks Out Of DowntrendBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Maxar Tec...
阅读更多
热门文章
- 5 top automotive technologies showcased at CES 2024
- Boeing's Starliner astronaut launch is delayed once again
- Samsung adds AI to make the best TV technology even better
- Disney’s new task force will investigate how to best incorporate AI
- Helicity Space's nuclear fusion engine could fly a spacecraft to Mars in just 4 months
- Cardano price analysis: ADA poised near $1.20
最新文章
BNB rallies 10% to surpass the $300 mark
DARPA’s new study to enable a shared lunar infrastructure
Sportsbet.Io Launches Crypto VR Experience
Ethereum buy orders push 2021 gains to over 500%
Indonesia Mulls Tax on Cryptocurrencies Following Surge in Interest, Reuters Says
US lawmakers want precise crypto regulation