Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
BNB Price Analysis
Binance Coin Network Activity Rises Despite Dull Price Action
The consolidation of Binance Coin (BNB) has been within a narrow trading range. Within the previous two months, most of its price action has been between the $15 support level and the $18 barrier. Regarding the technical outlook of the cryptocurrency asset, the current stagnation phase is due to the Bollinger bands squeezing its 1-day chart. Such squeezes suggest times of low volatility, generally succeeded by wild price movements. The possibility of having a robust breakout increases with a longer…
5 years ago