BNB soars by 8% and reached the top 6 altcoins position while Bitcoin lost the key support level at $10,800 as we are reading in our binance coin news today.
Bitcoin remained calm since yesterday but it couldn’t overcome the following descending trend line on the 4-hour charts at $10,800. The situation among the bigger altcoins is similar except for Binance Coin which climbed to the 6th position. Over the past 24 hours, the main cryptocurrency tried to overcome the $10,800 level on two occasions but the first one came as a sharp spike while the other drove BTC down in the following hours. Both attempts failed and the number one cryptocurrency is trading around $10,660 at the time of writing.
From a technical standpoint, the main critical resistance in the way up for Bitcoin is set at $10,780 level. if the asset surpasses this level, BTC could eye the $11,00 level. In case the bull run goes on, bitcoin could face off the resistances set at $11,200, $11,360, and $11,530. The support levels that are watching over the biggest cryptocurrency are positioned at $10,580, $10,440, and $10,390.
After the recovery wave of the recent losses, most of the larger-cap altcoins calmed down. Over the past 24 hours, ETH gained less than 1% to $358 while Ripple remained at the same level at $0.242. the most impressive performer currently among the top 20 is the Binance coin. BNB soars by 8% and traded close to the $27 level after the number one cryptocurrency exchange announced that the token will be farmed from the Binance Launchpool Flamingo. This increase resulted in the coin overtaking Chainlink and Polkadot and reached the 6th spot.
Another rotation happened further below, as Litecoin dropped out of the top 10 but Cardano took the coveted position after the 2.5% increase. Further gains are evident from the mid and low-cap altcoins as the Midas Touch gold gained the most value since Yesterday. YFI gained 14%, ETC 11%, DFI.Money 11%, REN 10.5% and Aave 10%. On the contrary, we have the DXChain Token losing about 6%, Arweave losing 5.8%, ABBC Coin losing 5.7% and Blockstack 5.5%.
As we reported in the previous BNB news, the price forecast shows that the price is aiming for new yearly highs while the coin remains undervalued. It is now hitting new highs but it has a long way to go.
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