Reflecting the footsteps of Bitcoin and Ethereum over the past 24 hours, many altcoins also saw declines. Binance Coin, for example, continued to consolidate on the chart and fell 2.7% as it approached its one-week low. NEO too, after depreciating, came close to trading near its one-week low of $ 49.45. Eventually, DASH lost 4.4% of its value as the momentum from crypto favored its sellers.
Binance Coin [BNB]
Binance Coin posted side trades with a loss of 2.7% in the last 24 hours. The altcoin was priced at $ 420.7. The closest support line for the currency stood at $ 386.8, which also marked its one-week low. The parameters for the altcoin showed mixed trading signals.
the MACD represented a red histogram after encountering a bearish crossover, indicating that the price could continue to move in a negative direction. the Relative Strength Index it fell and, as seen near the midline, threatened to fall below it, as the buying force fell.
However the Chaikin money flow it remained above zero, which means that capital inflows were still positive.
If Binance Coin sees a price reversal, the first resistance level stood at $ 433.5. If BNB crosses the same, it could lock in its one-week high price. Other price ceilings are at $ 460.4 and $ 517.
Recently, Binance announced that it would be phasing out its decentralized operating model and opting for a centralized one.
NEO declined 3.7% over the past 24 hours, while it continued to trade sideways. The altcoin was priced at $ 50.53 and its support level stood at $ 49.45. Dropping below the $ 49.45 mark, the alt could trade near its one-week low of $ 44.09. The minimum additional price was $ 40.70. The technical outlook suggested bearish price movements across the market.
On the four-hour trading chart, NEO price was seen below the 20-SMA line. This suggested that the momentum was with the sellers. Correspondingly, the Relative Strength Index fell below the midline which points to a decline in buying strength. Awesome Oscillator highlighted the red signal bars. MACD also underwent a bearish crossover and plotted red histograms.
On the other hand, NEO’s overhead resistance stood at $ 54.01. Breaking down the $ 54.01 level, NEO could aim to record a one-week high if it trades around the $ 59.74 price level. Another resistance awaited the crypto at $ 65.86, which is also the multi-month high price for NEO.
PIZCA posted a 4.4% decline in the last 24 hours and was trading at $ 205.79. The closest support line was at the token’s one-week low of $ 182.12. The altcoin was seen below the 20-SMA line on its four-hour chart, a reading that suggested the currency’s momentum was in favor of sellers in the market.
MACD underwent a bearish crossover and showed the presence of a small red histogram. Relative Strength Index threatened to fall below its 50 mark – an indication that selling pressure was finding its way back to the market. On the contrary, the Chaikin money flow it was seen above the midline as capital inflows were still in bullish territory.
If DASH registers a resurgence in the buying force, it could push north to test resistance at $ 234.84. Additional price resistance stood at $ 251.85 and its multi-month high of $ 279.31.
This is a machine translation of our English version.