186 days ago
BNB price started a steady increase above the $550 resistance. The price is now consolidating and might aim for more gains above $585. BNB price started a decent upward move from the $500 support zone. The price is now trading above $550 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $572 on the hourly chart of the BNB/USD pair (data source from Binance). The pair could extend its increase if it clears the $588 resistance in the near term. BNB Price Starts Fresh Increase In the past few days, BNB price saw a decent upward move from the $500 support zone, like Ethereum and Bitcoin. The price was able to climb above the $535 and $550 resistance levels. It even cleared the $570 resistance. The current wave surpassed the 61.8% Fib retracement level of the downside correction from the $587 swing high to the $555 low. The price is now trading above $550 and the 100-hourly simple moving average. It is now consolidating above the 76.4% Fib retracement level of the downside correction from the $587 swing high to the $555 low. There is also a connecting bullish trend line forming with support at $572 on the hourly chart of the BNB/USD pair. On the upside, the price could face resistance near the $585 level. The next resistance sits near the $588 level. A clear move above the $588 zone could send the price higher. In the stated case, BNB price could test $600. A close above the $600 resistance might set the pace for a larger increase toward the $625 resistance. Any more gains might call for a test of the $640 level in the coming days. Are Dips Supported? If BNB fails to clear the $588 resistance, it could start a downside correction. Initial support on the downside is near the $572 level or the trend line. The next major support is near the $564 level. The main support sits at $550. If there is a downside break below the $550 support, the price could drop toward the $535 support. Any more losses could initiate a larger decline toward the $520 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $572 and $564. Major Resistance Levels – $588 and $600.
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TRUMP Derivatives Surge to $51 Billion Trading Volume, Challenging Top Exchanges
According to data from Coinglass, the launch of TRUMP derivatives on January 19th has garnered significant attention, achieving a total trading volume of approximately $51.006 billion within just 24 hours. NewsBTC
Emerging Trends Indicate These Viral Cryptos Might Surge 300% Post-Trump Presidency
With Trump`s upcoming inauguration on January 20th, the crypto market is anticipated to see an upswing. As the first U.S. president with a clear pro-crypto outlook, it`s reasonable to predict a market boom. Growth trends suggest that Solana (SOL), Polkadot (DOT), and another altcoin could see a 300% surge. Continue reading to uncover their potential performance and why this particular altcoin might outshine the rest. Solana`s Price: Climbs 14% Solana (SOL) has carved out a niche for itself, unmatched by any other crypto due to its outstanding scalability and speed. Since its inception, the blockchain has consistently attracted developers and projects keen on leveraging its nearly zero transaction fees and rapid processing times. This adaptability has positioned Solana as a hub for dApps, DeFi, and NFTs. Currently, Solana is trading at $218, reflecting a 14% increase over the past week, maintaining its momentum despite turbulent market phases. Solana hit an all-time high of $260 in November 2021, and during the November 2024 market rally, it once again neared the $250 mark. This week`s performance is partly driven by the excitement surrounding the upcoming start of Trump`s administration. However, even if Solana`s price surpasses its previous record, this performance doesn`t quite match up to the altcoin`s potential. Polkadot (DOT): Rises 10%, Aligns with Overall Market Trends Polkadot`s groundbreaking architecture facilitates seamless communication and asset transfers across various networks, fostering a more integrated and efficient decentralized finance ecosystem. This is accomplished through the use of parachains, which are independent blockchains operating in parallel within the Polkadot network, each tailored for specific purposes. Despite DOT`s innovations, its price has trended downward over the past month, only reversing this trend last week. Now trading at over $7.40, Polkadot has seen an 11% drop in its monthly charts but a 10% rise in the weekly charts. This suggests that DOT may follow the broader market trend post-inauguration but might not yield transformative gains. DOT remains a strong investment, yet experts advise caution when comparing Polkadot`s potential to the highlighted altcoin. IntelMarkets (INTL): The Upcoming Giant in Crypto Trading IntelMarkets is a fresh initiative that combines artificial intelligence with blockchain and decentralized finance, aspiring to become the world`s most sophisticated AI trading platform. It stands out with self-learning algorithms capable of evaluating market signals and executing trades with unparalleled precision. IntelMarkets ` initial coin offering (ICO) is attractively priced at $0.082 during the 9th stage of its presale. Having launched just last year and already securing over $6.7 million, this platform is garnering significant interest. Experts anticipate its value could triple by the end of the first quarter this year. Features like the Quantum X wallet, which is encrypted to withstand even quantum computing threats, could revolutionize the global crypto market and position IntelMarkets as leaders in the next wave of crypto trading technology. Conclusion While Solana and Polkadot remain valuable choices, their substantial market capitalizations limit the potential for exponential growth. IntelMarkets , with its AI-powered platform and low entry cost, presents a unique opportunity for investors to benefit from the future of crypto trading. With forecasts predicting a 300% increase, IntelMarkets emerges as the top candidate for those looking to diversify their portfolios and stay ahead in the market. For those eager to explore this cutting-edge platform, IntelMarkets is available through its presale, offering a chance to invest in the next major development in crypto before its official market launch. Join today and receive a 20% welcome bonus on your deposit. Learn More About IntelMarkets: Buy Presale Website Telegram Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice. NewsBTC
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These 4 Altcoins Could Turn $100 Into $10,000
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