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$BNB price analysis - #BNB The bulls held the $495 support in BNB for the past two days, but they could not start a rebound. That increases the risk of a breakdown The downsloping 20-day EMA ($528) and the RSI in the negative zone suggest that the bears have the upper hand. A break and close below the $495 support could sink the BNB/USDT pair to $460. The bulls are expected to defend the $495 to $460 zone, but the recovery is likely to face selling at the moving averages. Buyers will have to clear the 50-day simple moving average ($543) to suggest that the range-bound action remains intact. Source: CoinTelegraph
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Ether - $ETH price analysis Ether bounced off the $2,300 support on Sept. 4, but the bulls could not maintain the higher levels. The bears have pulled the price below $2,300 on Sept. 6. Both moving averages are sloping down, and the relative strength index (RSI) is near the oversold territory, indicating that the bears are in charge. If the price closes below $2,300, the ETH/USDT pair could decline to $2,111 and thereafter to $2,000. The bulls have an uphill task if they want to start a recovery. A break and close above the 20-day EMA ($2,530) will be the first sign of strength. The pair may then ascend to the breakdown level of $2,850. Source: @Cointelegraph
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Bitcoin price analysis - #BTC Bitcoin’s rebound off the $55,724 support on Sept. 4 did not find buyers at higher levels. The bears maintained their selling pressure and pulled the price below $55,724 on Sept. 6. Minor support exists in the $53,500 to $54,000 range, where buyers will try to arrest the decline. However, if the bears prevail, the BTC/USDT pair could retest the $49,000 support. This is an essential level to keep an eye on because a break below it may start a downtrend. Any rebound off the current level is likely to face strong selling at $55,724 and then at the 20-day exponential moving average ($58,804). Buyers will have to push the price above the 20-day EMA to suggest that the range-bound action may extend for some more time. Source: CoinTelegraph
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