The king of cryptocurrencies has been dominated by buyers for several weeks. The price continues six weeks up and establishes a new record weekly closure above $ 106,000. In addition, Coinshares data indicate that investors are positioned on cryptocurrencies, and in particular on Bitcoin and Ethereum. But if Bitcoin finds itself very close to recording a new ATH, the Altcoins remain behind. Is it the time for the Binance Coin (BNB) and the Exchanges Tokens to go in a new upward trend phase? What are the key levels to have in mind? Let us make an inventory of the situation in the Exchange Tokens sector!
To come ath for the Bnance BNB?
The Binance Coin (BNB) shows a remarkable soliditybecause even with the fall of Bitcoin under the $ 80,000he was able to keep a upward dynamic. Since the summer of 2024, the course of BNB is in compressionand he finds buyers at the level of Trendline bullish. Recently, the course even managed to get out of his compression by breaking the downward trendline and ironing beyond the $ 640 level ::
If the course reacts to the area of Support around $ 640 and on the mobile averages 9 and 18 bruises, the BNB could record a New ATH beyond $ 790. On the other hand, if the BTC weakens and the BNB Lost $ 640a return to the Support at $ 540 is possible. To be able to continue on the upward dynamic in place, it will take a fence higher than Last historic summit at $ 791.
The RSI indicator is back at the level of the downstream trendline. Here, a rejection is possible, and if this is the case, the Momentum would remain in the hands of the sellers. On the other hand, a break from the downstream trendline could allow us to find a Bullish momentumand the course could accelerate.
Despite its solidity, the BNB continues to underperform King Bitcoin
We just saw it, the Bnance BNB remains glued to the last historical summitsdespite the context of uncertainty current on the financial markets. And even if very few altcoins are able to resist today, the BNB continues to underperform the king of cryptocurrencies ::
The course draws lowering structures For several months. And the trend does not seem to evolve in the short term, because the course blocks against Mobiles 9 and 18 horses and against the Resistance at 0.0067. If the BTC remains strong and continued output the BNBthe BNB/BTC pair could return to the Support at 0.005. It will take a Dynamic change to be able to think that the BNB is ready to outperform the BTCas in 2024.
The RSI validated a bullish divergence. If the indicator continues to develop upwards and it exceeds 58it would show that sellers weaken.
Towards a rejection around the resistance at $ 270 for the corner of Coinbase?
The Coinbase course was impacted by the drop in bitcoin under the $ 80,000. Indeed, the course has dropped to the support at $ 160or a drop by almost 60 %. But since April, the corner has been in 90 % increase. Thanks to the buying reaction, the course keeps a upward dynamic in 3 days, and he is back on the Resistance at $ 270 ::
Here, the course could block and join the Support at $ 210 as well as the mobile averages 9 and 18 bruises. To hope for a Aththe course will have to separate from resistors located at $ 270 and $ 340. And to avoid a new wave of decline, the course will have to remain beyond the level at $ 160.
For its part, the RSI rebounded towards the Dowing trendline. A net crossing of the trendline could be synonymous with bullish volatility On the course. But a rejection is possible, and in this case, the Momentum would remain fragile.
OKB’s course hesitates at the resistance level at $ 54
Okb does not give No Direction Claire For several months, he has been compressing. Indeed, the course tends to block against Dowing trendlineand buyers respond present around the Trendline bullish. And for several weeks now, the course has not been able to break the Resistance at $ 54 ::
A decrease could bring the course to the Support at $ 47 and at the level of Trendline bullish. To be able to accelerate towards theAth at $ 74OKB will have to break the resistors at $ 54 and $ 64. A fence in 3 days beyond the last ATH would allow to continue on a dynamic with hollows and ascending summits.
The RSI evolves on the other side of the downward trendline. To have a solid momentumthe RSI will have to continue drawing hollows and ascending peaks. To start, it will take a closing beyond 60.
Towards a new increase for KCS of Kucoin?
KCS of Kucoin lateralized with volatility Since 2023. Indeed, the course has experienced increases and significant drops, but No marked trend phase. The course of the KCS recently rebounded with Bitcoin, and it develops beyond the $ 10.5 level ::
If the course keeps the Support at $ 10.5 and the mobile averages 9 and 18 disturbances, it could return to the Resistance at $ 14.5. It is this resistance that will have to be crossed to launch a upward trend phase. However, in case of Loss of $ 10.5the sellers could bring the course to the Support at $ 8.5. The RSI is bouncing, the Momentum finds colors.
Key elements to remember
The Tokens Exchanges bounce with Bitcoin, and new peaks seem possible on the BNB, the KCS, the OKB and the corner of Coinbase. In order for the BNB to be able to afford a new ATH, it will take a rebound around the area at $ 640. If the BNB accelerates beyond ATH, the Exchange Tokens sector could take the opportunity to explode. But beware, because Altcoins do not seem to be out of business yet.