binance Today’s coin price analysis focuses on two major coins, Bitcoin and ethereum are both down. The price dropped to $281.26 today after reaching $290.83. Therefore, it can be said that today’s market is quite volatile.
A heat map of cryptocurrencies shows that Ethereum fell about 2.74% while Bitcoin fell 1.13%. Of course, as usual, most altcoins are following the same course. dogecoinlitecoin, rippleWhen Cardano I’m getting hits too.
1 day binance coin price Analysis gives us a stable RSI at 45.73. At the same time, the MACD indicator shows increasing downward momentum, suggesting that the bears are now in strong control.Next major support binance The coin is set at $249.
24 Hour Binance Coin Price Analysis
Binance Coin has been volatile in the last 24 hours. However, there was a big hit between 5:00 (UTC) and 7:00 (UTC). During this interval, its price fell consistently from $289 to $281. This was followed by a period of lateral consolidation. Therefore, in the short term, Binance Coin has set a local resistance at $289.
Overall, Binance’s market cap has fallen by around 2% today. On the other hand, the 24-hour trading volume he increased by 25%. This gives an overall volume-to-market capitalization ratio of 0.0167.
4 Hours of Binance Coin Price Analysis
Binance Coin has been bearish for most of today, but a 4-hour Binance price analysis gives a slight hint of recovery. However, this recovery is not critical. For now, Binance Coin appears to have entered a period of flat consolidation, which could continue for the next few hours.
Overall, market bearish sentiment is strong. Therefore, Binance Coin may indeed retest the recent support of $281 and fall.
Binance Coin Price Analysis: Conclusion
Overall, Binance Coin’s price analysis shows the bearish conditions of the market today. The bull seems exhausted. So his next 24 hours are also not very positive. If you are looking for short-term gains, this may not be the right time to invest in Binance Coin. However, if you want to invest for the long term, read on completely. Binance Coin Price Prediction guide.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com accepts no liability for investments made based on information provided on this page. Independent research and/or consultation with a qualified professional is strongly recommended before making any investment decision.
