Token exchanges rebound, will Binance’s BNB finally break resistance at $330?

Token exchanges rebound amid banking crisis- In recent days, the banking sector is feverish, operators are afraid of a crash. THE bitcoin and gold are on the rise, while the banks fall. Could token exchanges take advantage of the situation to regain value? What are the key levels to keep on these altcoins? It’s Exchange Token Weekly!

This market analysis is brought to you in collaboration with CryptoTrader and its algorithmic trading solution finally accessible to individuals.

Binance Coin back on resistance at $330

Binance Coin Analysis in 3 Days

Binance Coin (BNB) is in a tidy for several months between $215 And $330. Despite the fall in Bitcoin, BNB is recovering at the intermediate range support at $260 :

Is BNB heading for a new rejection at the level of resistance at $330, or, this time it will pass? If the resistance breaks, the price could end up at the level of the last high at $398. The next strong resistance is at $430. On the other hand, if the price blocks, it could return once more to the level of the bracket at $260. If so, the bullish trendline could also serve as a support.

A fence greater than $398 weekly would be very positive. Indeed, the course would mark a double bottom weekly. The RSI bounces off the level of the bullish trendline, the trend is maintained. For the moment, the momentum is contracteda powerful movement could occur during the breakout of the bullish or bearish trendline.

In 4H, Binance Coin moves at the resistance level at $320

This weekend, the BNB rebounded at the level of the bracket at $270. This rebound allowed the price to climb almost 20% :

The course evolves at the level of the resistance at $320. After a rebound at the level of the institutional bias (EMA 9/EMA 18), the price is trying to break the resistance. If the buyers push, the price could join the next resistance at $330. Whatever happens, it will be necessary to overcome the resistance at $330 on the buying side. If the resistance holds, the price could return to the level of the bracket at $300.

The RSI is showing divergencethis showsshortness of breath on the buyers’ side. A range could set in if the sellers take advantage of it.

Reaction to the weekly support level for the BNB/BTC pair?

The BNB/BTC pair is bearish for several months, a change of dynamic could occur at the level of the support :

Institutional bias once again pushed the course back. The price returned to the level of weekly support, buyers need to react. Here, a change in dynamics could occur. This is the important level that buyers must defend. If the level does not hold, BNB could suffer against king of cryptocurrencies.

The RSI tries to recover in changing dynamics. We must continue to show troughs and ascending peaks. For this, it will be necessary to develop above 49.

Coinbase keeps support at $60

Despite the fall of Bitcoin, Coinbase maintains the level of bracket at $60. This is the intermediate support of the range between $48 And $82 :

Buyers once again show themselves at the level of the support. The institutional bias is on the upside, it could act as a dynamic support. After spending a downward trending year, the moving averages 9 and 18 are bullish. To confirm, the price must close above $74then $88. Whatever happens, it will be necessary to break the resistance at $82which has been holding since May 2022. If support at $60 slack, the price could reach the bottom of the range at $48.

The RSI continues to show bottoms and rising tops since May 2022. The momentum is in the hands of the buyers at the moment.

OKB bounces off support at $41

The price of the OKX platform token is still in uptrend, as it continues to show ascending lows and highs. To confirm, the price will have to develop above the last high at $58.5 :

The price rebounds at the level of the bracket at $41and at the level of bullish institutional bias. It was necessary to maintain this level on the buyers’ side, because it is the level of the last historical high on this asset. If the buyers push, the price could reach the extension level 1.618 and 2 of Fibonacci. On the other hand, if the sellers regain control and break the support, the price could then reach the next bracket at $32.

The RSI is always enough fragile. He broke the bullish trendlinewe will have to observe how it develops in the coming weeks.

KCS bouncing off support at $8.5?

The course resumed at the level of the bullish institutional biasand at the level of bracket at $8.5. Therefore, a bounce could occur in the days to come:

A return to the level of resistance at $10.5 seems possible. Indeed, the buyers showed themselves below the bracket at $8.5, and it shows some interest at this level. However, as long as the price is below the bearish trendline, there remains fragile. It will be necessary to break this trendline to find colors on this asset, and, perhaps, to find the resistance at $15. If Bitcoin falls, and the sellers regain control, the price could reach the next level of bracket at $6.5.

ROI bounces at the level of bearish trendline. We will need to regain momentum with bottoms and tops rising to see that the buyers have their hands on the momentum.

Binance Coin is once again rubbing shoulders with the weekly resistance at $330. This resistance needs to give way back to the level of the last high at $398. Whatever happens, it will be necessary to close above this peak to find a bullish momentum on a weekly basis. In the short term, the price must break the resistance at $320. Coinbase holds support at $60, a return to the top of the range at $82 seems possible. It will take a close above $88 to regain bullish momentum. OKB is bouncing off the support level at $41, if the level holds, a new all-time high is possible. On the KCS side, the price keeps the support at $8.5. Hence, a return to the weekly resistance level at $10.5 is possible.

Delegate the trading of your cryptocurrencies while remaining in control of your funds? Nothing easier with the trading service CryptoTradera secure, easy-to-use and 100% automated trading tool.