Tag: Coin
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Binance coin BNB back to safety as buyers now aim for $295
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Binance coin has recaptured crucial support at $266 after the latest crash
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The cryptocurrency was previously weighed by adverse publicity
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A recovery above $266 sets BNB to the next resistance at $295
Binance (BNB/USD) traded at $274 on Tuesday, slowing from a monthly high of $282 the previous day. BNB buyers would be delighted about how far the cryptocurrency has come since Binance began to be adversely mentioned.
Touching a low of $220 in mid-Dec, there were fears of further downside for BNB after the collapse of FTX. That’s particularly because, at the price level, BNB had lost crucial support at $266, which kept it stable. However, relentless buying has seen BNB recover to the level which now supports the price.
BNB price is at least now back to safety above $266. However, Binance’s woes seem to be far from over. The latest cryptocurrency news suggests that US federal prosecutors have started to investigate the crypto exchange. According to reports, several American firms have been issued subpoenas for their communications with Binance. The exchange is reportedly being probed for violations of the US Bank Secrecy Act. The regulations mandate financial entities to verify their clients in a bid to curb money laundering. BNB price is yet to react to the potential litigation.
BNB recovers above $266 support as price turns mildly bullish
A technical outlook gives BNB $295 as the likely price target. This is the next resistance zone, and BNB has in the past hit the target each time price has recovered above $266. The MACD indicator is shifting above the neutral zone, underlining a bullish momentum. Similarly, BNB trades above the moving averages. The 50-day MA could hold as the dynamic support, coinciding with the $266 level.
Is investing in BNB now a good idea?
A retest of the $266 support would open buy trades on the cryptocurrency. Investors should watch for bullish price action signals at the support to buy BNB and ride to the $295 resistance.
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.
Bitvavo
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.
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Crypto price predictions: Bitcoin, Cardano, Binance Coin
Crypto prices remained in a consolidation phase this week as concerns about FTX contagion continued. They also reacted to the latest interest rate decision by the Federal Reserve and the arrest of Sam Bankman-Fried. Here are some of the top crypto price predictions for the weekend.
Bitcoin price prediction
Bitcoin pulled back sharply after the latest interest rate decision by the Federal Reserve. This decline correlated with the performance of American indices like the Dow Jones and the Nasdaq 100 indices.
Bitcoin price dropped to a low of $16,923, which was the lowest level since December 12. It also declined below the important level at $17,395, which was the neckline of the inverted head and shoulders pattern.
It has also pulled back below the 25-day and 50-day moving averages while the Relative Strength Index (RSI) has moved below the neutral level of 50. Therefore, Bitcoin price will likely continue falling as contagion fears continue.
If this happens, the next key level to watch will be at $16,000. In the near term, however, a bullish breakout to $18,000 cannot be ruled out as the shakeup eases.
How to buy Bitcoin
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.
Bitstamp
Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.
Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.
Binance Coin price prediction
Binance Coin price has been in a strong bearish trend in the past few days. It collapsed to the lowest level since November this year. This decline accelerated this week as Bitcoin FUD trended in Twitter and other social media platforms like Reddit. FUD stands for Fear, Uncertainty, and Doubt.
Concerns about Binance continued after the arrest of Sam Bankman-Fried, which we wrote about in this article. Investors are worried about the significant information that we still don’t know about Binance. For one, it is unclear how much money Binance makes and how much debt it has.
Therefore, like Bitcoin, the BNB price will likely continue falling as sellers target the psychological level of $200.
How 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.
Binance
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.
Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
Cardano price prediction
Cardano price plunged on Friday as concerns about the hawkish Fed continued. It has also fallen because of the underperformance of its DeFi and NFT ecosystem. NFT volume crashed to just $8 million in November, its lowest level in months.
On the daily chart, Cardano remains below all moving averages. It also crashed below the important support level at $0.300, the lowest level on December 13. The Relative Strength Index has moved to the oversold level. Cardano price will likely continue falling as sellers target the next key support at $0.2500.
How to buy Cardano
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.
Bitstamp
Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.
Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.
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Dogelon Mars (ELON/USD). What’s up with the meme coin now attracting a huge following?
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Dogelon Mars token rose by double digits on Monday
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Fantasy sports platform Rage Fan announced a partnership with Dogelon
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ELON could sustain gains if buyers defend crucial support at $0.0000003
Elon Musk-inspired Dogelon Mars (ELON/USD) is making shockwaves. The cryptocurrency gained by double digits on Monday, with investors showing great interest. Trading volumes on the little-known cryptocurrency had surged by 400% in the day.
The gains in the Dogelon Mars token were boosted by cryptocurrency news over the weekend. Fantasy sports platform Rage Fan announced a partnership with Dogelon. The partnership will see the introduction of blockchain gaming to individuals that hold ELON. Rage Fan said it was introducing a Free Call of Duty Tournament for ELON holders to celebrate the partnership.
Dogelon token is also growing a huge following. It already has a cool 454,000 followers on Twitter. Perhaps its name combination, Dogecoin+Elon, is helping aside from its partnership with Rage Fans. We all know of the growing speculations around the use of Twitter on digital payments by Elon Musk. Investors, therefore, could be looking at ELON as the next big thing in the meme space after Dogecoin. All these are speculations, but one thing is sure. Dogelon Mars is building a fanatic community, which could grow if the project finds more utility in the crypto space. Let’s look at its technical bits.
ELON corrects after an intra-day surge
A daily chart technical outlook shows ELON correcting after breaking to $0.0000004. The 20-day and 50-day moving averages joined a support for the cryptocurrency. The RSI also remains above the midpoint, indicating the buyers’ strength.
Will ELON proceed higher?
A retest of the $0.0000003 support followed by bullish price action could attract bulls. Investors will again aim for the $0.0000004 resistance or higher up at $0.0000005.
If seeking to buy ELON, you could consider a little bit of patience with bullish reversal signals. Developments around the project, as well as those of Dogecoin, could also be potential bullish triggers.
Where to buy ELON
KuCoin
Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies.
Kucoin has a wide range of services, such as; a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods.
Users can benefit from a beginner-friendly interface and relatively low fees.
Swapzone
Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.
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Dogecoin and Shiba Inu Surge as Big Eyes Presale Hits $9 Million – Which Coin will be Victorious?
As Big eyes coin hits $9million in presale, there is a surge in other cryptocurrencies like Dogecoin and Shiba Inu at the crypto market.
