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BNB/USD price action continues to recover its upside value. This happened after a long period of standing and respecting the ascending support.
Binance Coins Analysis Statistics Information:
Binance Coins price now: $277.88
BNB/USD market cap: $44.98 billion
BNB / USD moving supply: 161.34 billion
Total supply of Binance Coin: 161.34 billion
Binance Coins Coinmarketcap Rank: #5
For this we will analyze this market further to better predict the future price movements. Additionally, we will also analyze the BNB/BTC market. This also helps the traders here to accurately predict the price movement in this market.
Key Value Indicators:
Highs: $277.88, $300, $340
Bese levels: $250.20, $220.30, $199.76
BNB Bullish Reversal, TAMA brings more profitable market
BNB/USD price action has started to correct from long-established upward sliding support. This reversal has started recently and the price candles are close to the EMA curves. Also, the Stochastic RSI has been corrected to start reversing in the overbought region. By reading on the RSI and the closeness of the bullish candle to the EMA curves, the price of Binance Coin will continue to rise. This is because going by the RSI reading this trend continues and the candle at that price crosses above the EMA curves. Traders can expect that price to bounce back around $300 soon.
Binance Coin Value Analysis: BNB/BTC Toward High Resistance
The BNB/BTC market is set for more upside moves with the formation of an inverted hammer candlestick. Additionally, this candle has formed above the 9/21 days EMA curves. Furthermore, it appears that these curves are on the verge of crossing each other to initiate further value-added upward movements.
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Additionally, when we look at the RSI indicator, this indicator is generally seen to be pointing upwards. Although the fast line seems to have a slight correction in the slow direction. However, going by the price candle and exponential moving average position, traders can expect price to return to 0.014400.
A month after its launch, Tamadog completed the seventh phase of advance sales. The price of TAMA token in this seventh season is 1 USDT = 40 TAMA. After achieving the $13.25 million milestone, the token price increased by 1 USDT = 36.36 TAMA, which is now the eighth milestone. If demand continues to pile up at the rate it did last month, the eighth season will soon be completed. The next stage will be the ninth and final stage. At this stage the price will be as high as 1 USDT = 33.33 TAMA tokens.
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