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Binance Coin News

Binance Coin Price Analysis Shows BNB Breaking Above $17

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FO6E3842CAC44 - Binance Coin Price Analysis Shows BNB Breaking Above $17

Binance coin price analysis shows that the token saw an increase in price about 8% over the past 24 hours and it is currently trading above $17 as we can see in the binance coin news today.

BNB managed to find strong support at $14 which gave a boost to the latest spike. The price increase pushed the Binance coin to be the highest performing cryptocurrency in the top 10 crypto projects. The Binance coin price analysis shows that the eight-largest cryptocurrency with a total market cap of $2.69 billion. The latest price rebound is mainly because of the BNB making some huge gains against BTC. Looking at the BNB/USD-1 Day chart, we can notice that the support line is standing above the $14.56 and it continued to hold very well during the first week of October. This provided a basis for the market to rebound much higher over the past few days. The Binance Coin is now facing resistance at the $17.30 which represented a strong resistance during March 2019.

Looking at the price from above, if the bulls break the resistance at $17.30 and higher resistance is found at $18, $18,84, $19,55 and $20. Above the $20 resistance level, the next level will be located at $20.56, $22, $22.67. The latest resistance at $22.67 is considered significant due to the 100-days and 200-days EMA being located. The nearest level of support lies at $17 and beneath this, the new support level lies at $$16.72, $16.00, $15.65. If the sellers break beneath the strong support area, the added can be found $14, $13, $12.59. The trading volume has seen some uptick over the past few days and the RSI has managed to penetrate above the 50 level which shows that the bulls are in charge.

Against Bitcoin, the BNB managed to hold the support at 0.001853 BTC and slowly started to grind much higher from here. In the latest trading session, the BNB coin saw a major price surge boosted the coin into a resistance provided by the upper boundary of a falling wedge pattern which has been here for more than three months. The nearest level of resistance stands at the upper boundary of the wedge formation and above this, the resistance is found at 0.0022 BTC, 0.002265 BTC as we can see per the latest altcoin news. The nearest level of support lies at 0.0020 BTC and the trading volume has since started to increase during October.

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Binance Coin News

Weekly Altcoin Recap: BNB Leads With 23% Growth, LINK, HT, XRP Follow

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The latest cryptocurrency news bring us to the weekly altcoin recap, where several altcoins seem to be rallying. The action was first seen by Binance Coin (BNB) which led the altcoim market with a growth of 23%, followed by Chainlink (LINK), Ripple's XRP token, the Huobi Token (HT) and others.It all started when the SEC rejected the Bitcoin ETF application from Bitwise Asset Management and NYSE Arca. Next, the governing body obtained a temporary restraining order against Telegram and its subsidiary Telegram Open Network (TON) for hosting a securities sale which could spike with the distribution of Gram (GRM) tokens within the US.However, what's positive is the weekly altcoin recap - well, at least for a couple of coins - where we can see that the markets have held their own and have not collapsed. Below, we are listing the updates by altcoin.BNB/USDThe Binance Coin news were the most featured last week, mostly because BNB has made a comeback after a long absence. Ever since the exchange behind this coin (Binance) launched its lending product which allows owners to earn a percentage yield of as high as 10% for a few cryptocurrencies, the BNB token got featured and gained 23% over the past month.HT/USDNext up is the Huobi Token (HT) which was also featured in the news for rallying just above 10% in the past seven days. This turned out to be the third best performer in the market. Investors are now wondering if HT has bottomed out and is now ready for the next leg of its upside move.XRP/USDRipple recently merged three of its services (xRapid, xVia and xCurrent) into its RippleNet offering. This is how XRP is in the weekly altcoin recap and how the company is getting in the spotlight. If we study XRP's chart, we will see that the selling pressure has subsided and XRP is in a good momentum now.LINK/USDLast in the weekly altcoin recap is the LINK/USD pair which recently closed above $2.0531 and triggered out the buy for many traders. Even though the bulls pushed the price above $2.8498 during the week, they haven't been able to sustain the breakout. If the bulls can propel LINK above $3, we could see a further surge and expect the very best from this altcoin
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Binance Coin News

Crypto Markets Trade Sideways After TON Rejection By The SEC

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The latest crypto news show that the markets are in an unstable position following the Telegram Open Network (TON) and its rejection by the US Securities and Exchange Commission (SEC). The crypto markets trade sideways and seem to be held by a negative pressure that is constant over the past couple of days.At press time, even 8 out of the 20 cryptocurrencies are seeing gains. The Binance Coin news indicate that BNB is surging by nearly 2.8% and Chainlink (LINK) is seeing the biggest losses in the top 20 - dropping by more than 6.1%. As the crypto markets trade sideways, Bitcoin is also taking a hit. Even though BTC is stable in its safe zone around $8,300, the momentum is red and the cryptocurrency managed to lose some of its value.This is maybe the fourth day of literally no bigger action on the markets. After hitting $8,800 on October 11, BTC has been hovering around the $8,300 threshold for some time now. At press time, the Bitcoin price news show that the leading cryptocurrency is down by around 0.4% on the day. On a seven day period, Bitcoin is still up by around 2.8% which is a good sign for its market share rate which has also been relatively stable.The fact that the crypto markets trade sideways has many Bitcoin bulls predicting that the upcoming Bitcoin block reward halving in May 2020 will be the most crucial event for the cryptocurrency - possibly leading to all-tie highs and breaking prices. According to the CEO at the Chinese mining giant Bitmain, the BTC halving may not lead to a bull market.On October 8, we saw the American asset manager VanEck publishing its research and providing a number of reasons why Bitcoin improves its investment portfolio upside, emphasizing the coin's unique monetary value, scarcity and independence from the traditional markets.The ETH news feature Ethereum and its possibility to soon drop to new levels and that the pressure on the cryptocurrency is big. As a leading altcoin, ETH is down by 1.6% on the day and is trading at $182. The developments in the company recently introduced by its co-founder, Vitalik Buterin, are the only proof that the cryptocurrency could soon recover and reach new yearly highs.
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Binance Coin News

The Two Indicators Showing That BNB And ETH Could Rally Now

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The Two Indicators Showing That BNB And ETH Could Rally Now FILEminimizer - The Two Indicators Showing That BNB And ETH Could Rally Now
In the altcoin news today, we are focusing on the two indicators which show that the price of Binance Coin (BNB) and Ethereum (ETH) could trigger an upside movement very soon. After months of difficulty, altcoins such as Ether, Chainlink and Binance Coin finally show signs of life and are in the focus of many charts providing hope for a new bull run.As the year 2019 nears its end, the Bitcoin price looks back on an overall positive year - even despite last month's slump in the Bitcoin news which put Bitcoin back at $8,000 levels from a high of $13,880 previously this year.The two indicators showing that the year is not over (for altcoins) are also coming at the right time for traders who expect new gains on the market. During the period when Bitcoin declined in price, altcoins declined even further and lost all momentum they had gained during the price run. The downward trend seems to be coming to an end now, analysts are certain.As a true crypto market leader, Bitcoin often paves the way for altcoins in one form or another. According to analysts, Bitcoin's market dominance is a metric for altcoin health. As it stands now, the dominance by BTC shows that a lot of money is invested in the leading cryptocurrency - comparative to the rest of the altcoins. As we speak, Bitcoin dominance holds at 66% which means that 66% of the money in the crypto space are currently invested directly in BTC.However, the two indicators showing a bright future for altcoins are the news and the previous runs this week. For instance, Binance Coin (BNB) rallied more than 9% this week and may continue its bull run as Binance opens the door for fiat payments on the exchange via Alipay.Things do not look that clear right now as Alipay and WeChat strongly refuted the announcement and the head of Binance issued a tweet clarifying the situation. Binance Coin (BNB) is now trading at $17 down by around 1.79% overnight as a result of this 'clarification.'The ETH news also hint the two indicators for a potential rise for Ether. In short, while Bitcoin takes another downward dive, it is up to the biggest altcoin out there (Ether) to make a move and lead the altcoins to a new rally.
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Binance Coin News

Binance Coin Tests Critical Support Level-Heads Down Towards $12

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Binance Coin tests a new support level after the 3.20 price decline over the past 24 hours and it is currently trading at around $15.08. BNB suffered a lot over the past month after falling below $22 and lost more than 31 percent as we are about to read in the coming altcoin news today.Over the past three months, Binance Coin had lost about 55 percent of its value and if it manages to break beneath the $14.50 support, we could see the coin heading towards $12. Since the previous analysis, BNB rebounded from the support at $14.62 but it was unable to go above $16. The altcoin rolled-over and tried to re-test the support at $14.65. Looking at the cryptocurrency from above, the nearest level of resistance lies at $15.54 and $16.00 but above the last level, the higher resistance is expected at $16.72, $17,30 and $19. Looking at BNB from below, the nearest level of support lies at $14.65 and if the sellers break beneath this we will be headed to a much lower level. Beneath the $14.65, a level of $14 and $13.50 is expected. The lower support is located at $12.17 and $12.00. The trading volume of the cryptocurrency remains at the average level for the past few months.The RSI indicator plummeted to an oversold territory which shows that the sellers are now in complete control over the market momentum and the stochastic RSI is also in the oversold territory which shows that it is primed for a bullish crossover signal, expected to push the market higher. Against Bitcoin, Binance coin tests the support at 0.00185 BTC. BNB managed to rebound at this stage but failed to make any movements above the 0.0019 BTC. BNB was then trapped within a steep descending price channel and looking at it from above, the nearest channel for the past few months, the higher resistance level lies at 0.001988.As per the cryptocurrency news today, we can see that the nearest level of support lies at 0.00185 BTC and below this, the support lies at the lower boundary of the descending trading channel of around 0.001815 BTC. Lower support is found at 0.0017588 BTC. The trading volume remains at an average level.
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