On an intraday chart, BNB/USD pair has dug deep to trade below the $25.0000 level. However, it has maintained a downside mode with a dip of about 0.98% over the last 24hrs. A high volatile movement was also encountered with price hovering between $21.6957 and $21.1765 (Support and resistance level). Afterward, the moving averages suggest a lack of dominance since they have intertwined severally. The RSI indicator is now at level 40, which shows that a further dip is likely to the oversold region.
The dip has defined the current price of BNB/USD pair at $21.2395, having slipped from $21.4502 to $21.2395. This has therefore pushed BNB market capitalization to $3,294,247,705 in the past 24hrs.
BNB coin may continue to correct a downside range if the price action succeeds in breaking the $21.1765 level. The Parabolic SAR that is currently above the candles confirms the incoming bearish mode. Investors should place new targets near $ 20.0000 and 19.9000.
On intraday counters, IOTA/USD pair begun the session trading at $0.2483 and is currently at $0.2455 that approximate to 1.13% dip. An attempt to trade past $0.2503 resistance level (R) was seen, but unfortunately, the strength of the bulls was not that strong. A sharp decline followed that rallied the price to an intraday low of $0.2388.
The pair’s price, later on, took a break to consolidate below $0.2411 support level (S) for about 11hrs before gaining some momentum to the current price at $0.2455. Afterward, the upward sloping RSI indicator and the moving averages that are twisting from a bearish mode to a bullish mode give a positive sign.
The ability of the price to bounce off the support level $0.2411 shows an increase in demand of higher levels, and thereby a continuous upside move is entirely possible. Therefore, there is a recommendation for a long position since buyers are in control. New targets should be stood at $0.2500 and 0.2520.
DASH/USD pair has been consolidating between $80.718 and $80.094 over the last 24hrs. However, the market seemed to be dealing with a minimal number of transactions. This is due to the presence of a 4-price Doji that was seen repeatedly. An intraday high was seen at around 08:00 at $85.000 that showed a lack of interest in higher digits. Additionally, the current price of DASH was defined at $80.094 from $79.560, that showed a price increase of $0.07% over the last 24hrs.
The market showed no much activity, the RSI that hovered throughout the intraday between level 40 and 60 confirmed the lack of dominance, thus equality between buyers and sellers.
The parabolic SAR is currently below the candles that signal continuity of upside correction. A move above $80.094 level might trigger further upside rally near $85.000.
Cryptocurrency Charts By Tradingview
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.
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