🚨🚨 ⚠️ 🚨 Urgent Update: $BOND /USDT & $BTC Analysis
BarnBridge (BOND) : ALERT ‼️🚨‼️🚨‼️🚨
BarnBridge (BOND) will be delisted from Binance on July 22, 2024. This affects the BOND/USDT trading pair. Users need to close positions and withdraw tokens before the deadlines to avoid issues.
Technical Analysis of BOND/USDT:
- Price Movement: Over the past month, BOND/USDT has risen by 8.60%, but it has dropped 25.91% over the past week.
- Indicators:
- Moving Averages: Indicate a short-term bearish trend with long-term support levels.
- RSI: Approaching oversold conditions, which may suggest a potential bounce.
- MACD: Shows bearish sentiment as the MACD line is below the signal line.
- Bollinger Bands: Prices are near the lower band, indicating potential overselling.
Predicted Movement:
BOND/USDT is likely to experience significant volatility due to the upcoming delisting. The short-term bearish momentum may continue, but oversold conditions could prompt a brief rebound.
Bitcoin (BTC) Forecast:
Bitcoin shows mixed signals, with potential for significant price movements soon. The critical resistance level is $64,500. Breaking this level could lead to substantial gains, potentially pushing prices towards $70,000. If it fails to break, a short-term pullback might occur.
Technical Indicators for BTC:
- Moving Averages: The 50-day average indicates a bullish medium-term outlook.
- RSI: Currently in neutral territory, neither overbought nor oversold.
- MACD: Shows bullish momentum as the MACD line is above the signal line.
- Bollinger Bands: Prices are near the upper band, suggesting potential overbought conditions.
Conclusion:
- BOND/USDT: Exercise caution due to the delisting and bearish trends.
- BTC:
Monitor the $64,500 resistance level. A breakout could signal further gains, while failure might lead to a pullback. Stay updated and adjust your strategies accordingly.
#Write2Earn!
#BullBanter #BinanceTurns7 #BinanceTournament #MtGoxJulyRepayments