Major cryptocurrencies revived from their recent declines and many altcoins showed similar price action. However, some altcoins, despite the gains recorded, highlighted signs of a price reversal.
Binance Coin was up 2%, although the buying force was observed to decline as it looked at the low price of $ 460.42. VeChain gained 5.8% and approached its resistance mark of $ 0.127 while targeting an upcoming price drop. Lastly, LUNA posted a 6.3% gain and attempted to retest its all-time high of the $ 34.24 mark.
Binance Coin (BNB)
Binance Coin gained 2% in the last 24 hours and was priced at $ 487.13. If BNB does not lose its bullish momentum, the coin could retest the immediate resistance level of $ 517.02.
Technicians pointed to a price reversal, which was accompanied by mixed signals on the four-hour chart. MACD flashing red bars on the histogram, although they were retreating during the last few trading sessions.
Relative Strength Index it remained above the midline, however, it threatened to fall below it during the next trading sessions. Bollinger Bands tight, indicating a restricted price movement.
BNB could trade between $ 517.02 and $ 460.42 respectively. If it exhibits a downtrend, the support lines were located at $ 460.42 and $ 433.54.
VET reported a 5.8% gain in the last 24 hours and was trading at $ 0.124. The asset saw its immediate high price of $ 0.127 and, by toppling it, it could retest $ 0.145.
The indicators, however, did not show very bullish price action for FP. Despite the fact that buying pressure recovered comparatively, the Relative Strength Index it could fall below the midline if prices hovered around the current range for more than a few sessions.
Awesome oscillator flashing green signal bars. Bollinger Bands The represented limited range price movement and expected prices could range between $ 0.127 and $ 0.115, respectively. In case of a further drop in buying pressure, the support region for VETERINARY awaits at $ 0.115 and $ 0.103.
LUNA appreciated 6.3% during the last day, as prices stood at $ 31.87. It could again, in an attempt to recover its all-time high price of $ 34.24 for the second time this month, only if the bullish force does not fade.
The purchasing force recovered as Relative Strength Index it was near 60 and noticed a rebound. Green bars were seen on the MACD histogram, just after a bullish crossover.
Awesome oscillator He had also been observing green bars, until a red bar stopped himself. Should LUNA move lower, followed by its red quote, support for the coin stood at $ 28.74 and $ 26.62 respectively.
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