Binance Coin (BNB) Roars 30% In 8 Days, Path To $450?
BNB is up roughly 30% in eight days, rallying above $320. With Binance buying BNB, the coin may spike to April 2022 highs.
Crypto Economy section, we will publish every week the technical price analysis of Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and other cryptocurrencies.
These analyzes are prepared by our specialists based on the evolution of the markets.
A technical price analysis provides excellent and useful information that can help us know when is the best time to make movements in our investments or when it is not a good time to operate.
But we must not only take this information into account, the monitoring of the prices of a cryptocurrency must be accompanied by an investigation into the latest news related to it.
So we can get an idea about whether the price increase or decrease has occurred due to an event related to the project or if it could be a market manipulation, etc.
BNB is up roughly 30% in eight days, rallying above $320. With Binance buying BNB, the coin may spike to April 2022 highs.
Bitcoin is firm, adding 30% in the last trading week as BTC bulls continue to extend gains. At this pace, the coin may float to over $30k.
Ethereum remains in an uptrend as the coin is up 21% in four days. ETH bulls have their eyes set at $2k ahead of the Shanghai upgrade.
Polygon is rapidly reversing losses and is solid at spot rates. As long as MATIC is above $0.90, bulls have a chance in the short term.
Bitcoin is down 22% from February highs, slicing through February lows with ease as bears target $18k, or lower in coming sessions.
Ethereum is down 12% from February highs and with sellers resilient, ETH could drop to $1.5k and retest the primary support of the bull flag.
Polygon co-founder is confident Ethereum will be the dominant mainnet but this isn’t preventing MATIC from dropping.
Bitcoin is down at spot rates and may post even more losses in the near term as the trend shifts to bearish.
Ethereum remains in an uptrend. However, ETH prices have been consolidating in recent days with support at $1.55k.
Lido Finance is solid at writing. LDO bulls might push prices above $3.3, extending their gains after surging 2.5X from December 2022.
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