The cryptocurrency market remains dynamic, with Binance Coin ($BNB ), Bitcoin ($BTC ), and Ethereum ($ETH
) showing notable movements. Here's a detailed overview of their performance:
Binance Coin (BNB)
Price: $690.77
24h Change: -0.91%
BNB is holding near the $690 level after a minor decline. The coin's resilience suggests strong buying support at $680. However, the resistance at $700 remains unbroken, requiring sustained bullish momentum.
Signal:
Bullish: Buy near $685 if support holds and sell at $700 for short-term profits.
Bearish: If it breaks below $680, it could head toward $670.
Bitcoin (BTC)
Price: $93,219.60
24h Change: -2.52%
Bitcoin, the market leader, has faced a sharp correction, slipping by over 2%. The $92,000 support level is critical for BTC, as any breach could lead to further selling pressure. Conversely, recovery above $94,000 may indicate renewed strength.
Signal:
Bullish: Buy above $94,000 with a target of $95,500.
Bearish: Watch for a dip below $92,000 to short-sell toward $90,000.
Ethereum (ETH)
Price: $3,289.24
24h Change: -2.24%
Ethereum is experiencing moderate losses as it battles the $3,300 resistance zone. Investors are awaiting further clarity on ETH's trajectory, with a critical support level near $3,200.
Signal:
Bullish: Buy above $3,300 if volume spikes, aiming for $3,400.
Bearish: A drop below $3,200 could lead to further losses to $3,100.