For several days, the price of Bitcoin has stabilized beyond $ 90,000. If the course manages to keep $ 90,000, a return to $ 100,000 is possible. After several weeks without knowing significant incoming flows on investment products linked to cryptocurrencies, massive capital influxes have been recorded. For example, the BTC has captured more than $ 3 billion, and Ethereum (ETH) attracted $ 180 million.
The return beyond the $ 90,000 allowed Altcoins to bounce more or less strongly. Binance Coin (BNB) returned beyond $ 600, but is an ATH possible? Let’s analyze the Binance BNB as well as other assets belonging to the Exchange Tokens sector!
Volatility to come on the course of Bnance BNB?
The BNB course shows a important resilience despite the Bitcoin fall under $ 80,000. Indeed, the BNB is always installed in a upward dynamicand it forms a Range between support at $ 540 and resistance at $ 640. Furthermore, we see that the course contractsbecause for several months now, he has drawn hollow ascendants and descending peaks:
This kind of configuration often brings volatility. To hope to find theAth at $ 790it will be necessary Break the downstream trendline as well as the resistance at $ 640. On the other hand, in case of Rejection around $ 640the course could once again find the Range bottom at $ 540. If the king of cryptocurrencies is maintained beyond $ 90,000, the Bnance BNB could take the opportunity to speed up.
The RSI still evolves Under the downstream trendline. So that means that the Momentum is fragile. A break from the downward trendline could allow Buyers to recover the momentum.
The Binance Coin Sub-porform Bitcoin
The BNB/BTC pair has evolved up between the end of 2023 and June 2024. The breakdown of the downward trendline has caused bullish volatility, and the BNB has outperformed bitcoin for several months. But from June, the pair was weakenedand since then she has displayed a Continuation of hollows and descending peaks ::
The price of the BNB is solid given the situation, but it remains less efficient than BTC for several months. For the BNB to outperform Bitcoin again, the course of the pair will have to draw again bullish structures.
For its part, the RSI is encouraginghe has just recorded a bullish divergence. This is a first signal showing that the pair could start upwards.
The corner of Coinbase finds resistance at $ 210
Coinbase course has lost the upward trendline in place for several months, but he keeps a encouraging dynamic. Indeed, the course remains on a upward dynamic Despite the fall under the upward trend and the Correction of almost 60 %. The course remains bullied technically as long as the Support at $ 160 hold:
The corner of Coinbase found buyers on the Support at $ 160and he is back around the Resistance at $ 210. A rejection is possible around Mobiles 9 and 18 horsesand in this case, the course could be found around $ 160. But if buyers push enough to break the resistancethe course could return to the Resistance at $ 270.
The momentum indicator RSI is downward For several months. These are the sellers who benefit from the momentum For now.
OKB must break the resistance at $ 54 to be able to speed up at ATH
OKB’s course is also contraction. For several months, the course has trouble showing a clear directionand he is stuck Between a bullish trendline and a downstream trendline ::
There Breakdown break and resistance at $ 54 could lead the course to the next Resistance at $ 64. And if the $ 64 is crossed, the course could record a New ATH beyond $ 74. Nevertheless, OKB could Block against $ 54 and drop to support at $ 47. We should avoid losing the upward trendline, as this could lead to downward volatility.
The RSI broke the downstream trendline, the buyers have the advantage of the momentum in unit of time 3 days. It will be necessary to build a series of hollows and ascending peaks on the other side of the downward trendline to have a solid momentum.
KUCOIN KCS is back on resistance at $ 10.5
Kcs of Kucoin does not show No Direction Claire Since the top found in March 2024. Lately, the course has further blocked against the Resistance at $ 14.5then he dropped under the upward trend and Under the level at $ 10.5. There 50 % correction brought the course back to $ 7.2but buyers have defended the support at $ 8.5. In fact, the KCS has rebounded, and it is now against the Resistance at $ 10.5 and around Mobiles 9 and 18 horses ::
If the sellers regain hands on the course, the KCS could return to the Support at $ 8.5. On the other hand, if buyers manage to do yield the sellers around $ 10.5the course could Find $ 14.5. It will take a break in this resistance so that the course can Accelerate to the 2021 summits. THE RSI is a lower And under the downstream trendline for several months. THE sellers have a hand on the momentum.
Key elements to remember
The Exchange Tokens sector takes advantage of the recent increase in bitcoin beyond $ 90,000 to bounce back. The Bnance BNB is close to an upward acceleration, but for that, it will be necessary to break the resistance at $ 640. Such a break could allow BNB to outperform bitcoin. But for the moment, it is Bitcoin that is more efficient than Bnance’s BNB. If Bitcoin accelerates beyond $ 100,000, the Exchange Tokens sector could follow and explode upwards.