BNB price fails to rise above $640 as it falls below 50-day SMA. BNB price by CryptoGuestPosts.

BNB Price Long-Term Prediction: Bullish

Altcoins have started their uptrends after breaking through the moving average line and reaching a maximum of $643. BNB, however, has traded above the moving-average lines, but below $640, for the last week.

BNB is under further pressure today as the bears have broken through the support of the 50-day SMA. Binance Coin is expected to fall back to its old lows of $580 or $560. BNB, however, will be stuck between the moving-average lines if BNB falls and stays above 21-day SMA.

BNB indicator reading

BNB's price bars remain above the moving-average lines, despite recent declines. The price bars have fallen below the moving-average lines on the 4-hour chart, which indicates a further drop. The horizontal moving-average lines show sideways movement.

Technical Indicators:

Key Resistance Levels - $600 $650 $700

Key support levels - $400, $350, $300

What is the next trend for BNB/USD?

BNB, despite trading in a sideways fashion, is now below the SMA of 50 days. BNB will resume its upward trend if it retraces, and remains above the daily moving-average lines. It could also retest $640 if BNB stays above these lines. If the altcoin breaks through the 50-day SMA, it will drop to $520.

Disclaimer. Disclaimer. This analysis and forecast is the personal opinion of the author. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.

After falling below the $0.22 resistance, TRON (TRX), is now under renewed pressure to sell.

TRX long-term forecast: bearish

Before the recent drop, the altcoin traded in a horizontal pattern. CryptoGuestPosts reported that after the price drop, the candlestick body had tested the Fibonacci level of 78.6% at December 9, 2020. The retracement indicates that TRX is likely to decline, before rebounding around the Fibonacci Extension Level of $0.1862 or $1.272.

As of the moment, selling pressure is at $0.213 The market dropped to $0.198 in the previous session. However, bulls were quick to buy the dips. The altcoin has been rising, but it is still struggling to break through the moving average lines.

Analysis of the TRON Indicator

Price bars cross over the horizontal moving average lines. The moving average crossover indicates a downward trend. As the altcoin continues its downward trend, the doji candlesticks remain prominent.

Technical Indicators

Key resistance zones: $0.40. $0.45. and $0.50

Support Zones for $0.20, $0.15 and $0.10

What's the next step for TRON?

TRON has dropped on the 4-hour chart after being rejected by the SMA 21-day barrier. As the altcoin consolidates, the selling pressure has stopped. The cryptocurrency prices are increasing above the $0.21 level of support. TRON's price will begin to fall if the current support is broken.

Disclaimer. Disclaimer. This analysis and forecast is the personal opinion of the author. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.

The chart shows that the best performing altcoins move from the bottom of the list to the top.

Moving average lines have created barriers that are preventing the recovery of cryptocurrency. Since HBAR, CRO and HBAR have risen between moving average lines but not above them, the price has been moving in a range.

Cardano

Cardano (ADA), although in a sideways movement, has dropped below the moving-average lines. ADA dropped to $0.84, but remained above the 50-day SMA. Breaking below the moving-average lines will signal a further decline towards the lows at $0.65 and $0.55. Cardano will recover the $1.20 high and rise.

The bears are also trying to break down below the 50-day SMA. ADA is the coin that has performed best.

The current price is $0.8226

Market Capitalization: $28,976,952,539.3

Trading volume: $3,427,847,475.95

7-day gain: 42.38%

Bitcoin Cash

Bitcoin Cash (BCH), which had fallen below the moving-average lines, has recovered recently from a low point of $271. The price indicator is predicting a decline, but it's rising again at $1,272 (or $324.29) Fibonacci Extension. The price is above the $300 resistance but below the moving-average lines.

BCH's positive trend will continue if the price is kept above the moving-average lines. Altcoins will reach a high of $500.80. Bullish momentum will eventually reach a high of $624. BCH is the cryptocurrency that has had the second-best performance.

The current price is $379.26

Market capitalization: $7.524,414,661.52

Trading Volume: $569,245,506.77

7-day Gain: 35.63%

Hedera

Hedera's (HBAR) trend is sideways. The digital asset was twice rejected at the $0.40 level of resistance. HBAR has corrected upwards since falling above the $0.18 low. The moving average line has completed the upward correction. Since March 1, the price of cryptocurrency has been stagnant.

If the bulls are able to break the SMA of 50 days, then the altcoin could reach a high $0.40. HBAR, however, will drop to a low of $0.20 if bears break through the 21-day SMA. HBAR is the third-best performing coin.

The current price is $0.2332

Market capitalization: $9.849,132.879.89

Trading volume: $737,297,588.75

7-day gain: 29.95%

XRP

XRP (XRP), although still in a sideways movement, has fallen below its moving average lines. Since the price drop on February 3, XRP is moving between the $2.00 support and the $3.00 high. The altcoin has a bearish trend in the lower price range. Above the $2.00 support, the selling pressure will cease. Once it remains above the $2.00 level, altcoins will continue to rise. If XRP falls below the support of $2.00, it could drop as low as $1.76.

Current price: $2.34

Market capitalization: $136 250 930 265.87

Trading Volume: $7,852,360,253.85

7-day Gain: 21.84%

Cronos

Cronos (CRO), the cryptocurrency, has dropped sharply in price to the lower portion of the chart. Before bouncing back, the cryptocurrency fell as low as $0.0068. The 50-day SMA broke above the moving median lines and stopped the price of cryptocurrency. The CRO is between the moving-average lines on the bottom chart. Once again, the cryptocurrency will surpass the 50-day SMA. The next resistance is $0.14. The market is in oversold territory. This is a disadvantage.

CRO ranks fifth among all cryptocurrency.

The current price is $0.08252

Market capitalization: $2.192.937.138.26

Trading Volume: $55,226,703.24

7-day Gain: 20.76%

Disclaimer. Disclaimer. This analysis and forecast is the personal opinion of the author. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.