Biggest Movers: SOL Recovers From Recent Declines, BNB Extends Gains

Solana continued to trade higher during Tuesday’s session, following a recent breakout below a support point of $20.00. Momentum in the market has begun to gradually pick up in recent days, ahead of Friday’s Federal Reserve Jackson Hole annual meeting. BNB remained in the green.

Solana (SOL)

Solana was one of Thursday’s notable movers, as price rose to a one-week high earlier in today’s session.

Following yesterday’s decline to a low of $20.66, SOL/USD rose to a high at $21.99 on Thursday.

As a result, the token hit its strongest level since last Thursday, when the price peaked at $23.41.

This recent run comes following a drop below a support point of $20.00, prompting bulls to move in and buy the weakness.

The surge also pushed the 14-day relative strength index (RSI) to a collision with a ceiling at 44.00.

At the time of writing, the index is tracking at 40.38, with earlier gains fading.

BNB

Similar to solana, BNB also jumped to a one-week high on Thursday, only two days after trading at a one-year low.

Bulls sent BNB/USD to a peak of $216.39 earlier in today’s session, after the price was at a bottom of $204.40 the day prior.

The native coin of cryptocurrency exchange , has now climbed higher for a third straight day, following recent bearish sentiment.

Looking at the chart, the RSI here has marginally broken out of a resistance zone at the 30.00 mark, and is currently tracking at 32.93.

Should momentum continue to move higher, the next visible point of resistance is at 37.00, and should this be reached, BNB will most certainly be trading beyond $220.00.

Register your email here to get weekly price analysis updates sent to your inbox:

Can BNB maintain this momentum through the weekend? Let us know your thoughts in the comments.

from Bitcoin News https://ift.tt/7N9drXB

Comments

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought

breaking news this december get instant daily breaking news

Search This Blog