Binance Coin or BNB (BNB), is currently falling below moving average lines. Since July 5, BNB has been trading above the $460 barrier but below the $600 one.
The price fluctuated between the moving average line and below it. Altcoins are gaining in value today after the price fell below $480. BNB's price has fallen below its moving-average lines since August 27. If the price of the altcoin breaks above the moving-average lines, the trend will return to the upside.
If BNB diverges from the moving-average lines, then it will trade below these lines, but above the current $460 support. BNB's value is now $512.50.
The horizontal moving averages are now below the price bars. Moving average lines show a bearish cross-over, which indicates a decline of the cryptocurrency. Due to the formation of doji candles, the altcoin's rangebound movement has continued.
Key r Resistance levels – $600, $650 and $700
Key support levels - $400, $350, $300
BNB/USD has been trading sideways in the bearish zone. The altcoin has a small range on the bottom chart. The cryptocurrency's price is fluctuating between $480 and $520. Doji candlesticks have delayed the price movement.
On September 29 According to CryptoGuestPosts, BNB was in a bearish trend and was approaching the support level $470 on its daily chart.
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.
Avalanche's (AVAX), after hitting a low at $17.35, is now trading below the moving-average lines.
The $28 resistance level halted the upward momentum. The cryptocurrency now has a trading range between $20 to $28.
CryptoGuestPosts has reported that the cryptocurrency's price fluctuated over the last three weeks while the trend was still being determined. The price indicator has indicated a possible decline in AVAX. AVAX will fall, then reverse direction at the Fibonacci extension of 1.272 or $11.
Altcoins have fallen into a lower price range. AVAX could fall to the 1.272 Fibonacci Extension or $11 in the event that the bears breach the current support of $20. Altcoin's current value is $23.61.
AVAX has retraced moving average lines on the daily chart. The altcoin will be forced to move within a certain range for the next few days. The cryptocurrency will start a trend when the moving averages break. On the weekly chart the moving averages show a bearish cross-over, with the SMA 21-day falling below the SMA 50-day. This is a negative signal.
Resistance levels - $60 and $70.00
Support levels - $30 and 20
Avalanche has returned to its sideways movement after the August 5 drop. Bulls halted the drop above the $20 resistance before continuing the uptrend. The upside correction is still stuck at the $28 high. This has resulted in a choppy cryptocurrency movement.
Disclaimer. Disclaimer. This analysis and forecast is the author's personal opinion. 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 price of TRON has gained momentum and surpassed the $0.144 resistance.
The price of cryptocurrency reached a peak on February 26 at $0.144. The $0.144 barrier has been a major obstacle for buyers in recent months. The $0.144 barrier forced altcoins to trade in ranges.
TRON began its upward movement on August 19. TRON's signal price indicates that the upward movement will continue.
TRON's signal price has continued to move upward. A retraced body of a candle approached the Fibonacci 50% retracement during the July 8 rise. The retracement indicates that the price is likely to continue rising until it reaches $2.0 or $0.186, the Fibonacci extension high. Altcoin was worth $0.159 as of the writing.
TRON indicator reading
On August 14, the price bar of the daily chart re-appears above the moving average line. The horizontal moving-average lines are sloped upwards, which indicates an uptrend.
Key supply zones: $0.13. $0.14. $0.15
Key demand zones: $0.10 $0.09 $0.08
The sideways TRON trend is broken, and the bulls are now able to break through the resistance above $0.144. Since July 13, TRON has been trading in a $0.11-$0.14 range. The bulls have broken through this range today and continue the uptrend of the cryptocurrency. TRON's price is expected to rise to a high of $0.18-$0.20.
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.
Price analysis by CryptoGuestPosts. The price of Polygon’s Ecosystem Token has dropped to the bottom of chart. CryptoGuestPosts provides a price analysis.
POL reached a low of $0.335 on 5 August, reaching the oversold region of the market. Bulls have already purchased the dips, as altcoins correct higher. The cryptocurrency is unlikely to continue its downward trend. A retraced candles tested the Fibonacci line of 78.6% during the price drop on April 8.
POL is declining, but then reverses at the Fibonacci Extension level of $0.406 or $1.272. According to price activity, altcoins reached a low point of $0.335 and then rebounded. POL currently has a value of $0.42 as I write this.
POL is in a bearish fatigue as the price bars are still below the moving-average lines following the pullback. On August 5, the large candlestick tail indicates strong buying pressure near the $0.335 resistance. Doji candlesticks are slowing down the price movement.
Resistance Levels: $1.20 $1.30 $1.40
Support Levels: $0.60, $0.40, $0.30
Polygon is currently trading in a range. On August 5, the fall stopped above the $0.38 level of support. The altcoin oscillates between the $0.38 support level and the moving-average lines. The uptrend has hit a resistance level of $0.43. POL's uptrend will resume once it breaks over the moving average lines.
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.
Price of Solana has been steadily rising and has now broken through $185 resistance. After seven days of fluctuation below the resistance level, Solana (SOL) broke through.
The price of the cryptocurrency is nearing its predicted value of $200. Solana currently trades at $194 but is facing further rejection. The altcoin's price will reverse if it reaches the high of $202
If the altcoin is rejected above the overbought price, it could drop back to $170. After retreating to $189, the upside has encountered its first hurdle. If it maintains above the $185 resistance, positive momentum will return.
The price bars have broken the resistance of $185 and are now above the moving-average lines. Altcoins will continue to increase as long as 21-day SMA remains intact. Altcoin is dropping as it approaches overbought levels. The uptrend is likely to continue if the altcoin retraces, and remains above the moving-average lines.
Key supply zones: $200, $220, $240
Demand zones: $120 ($100), $80
Solana is now in the overbought zone of the market. The price of cryptocurrency has dropped and is now approaching the $185 breakout level. If the value of the cryptocurrency retraces, and remains above the $185 support level, then the upward movement will begin. Otherwise, there will be selling pressure.
CryptoGuestPosts stated that on July 23, the upward trend was expected to continue up to highs between $188 and $204.
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.com. Before investing in funds, readers should conduct their own research.
