Bitcoin managed to take Ethereum [ETH], Binance Coin [BNB], and several other coins to the moon with it. Bitcoin shook the entire world as it went as high as $28K yesterday. While the king coin was seen reposing at $26,641.20, during the time of writing, several other coins continued to steer uphill. Ethereum was seen sitting at $723.93 after bagging gains up to 21.74% over the last seven days. A few other coins, however, were undergoing a slump. XRP was dropping by over 34%, at press time and this did not seem shocking, considering the suspension of trading of assets in an array of exchanges following SEC’s lawsuit.
At the time of writing, Binance Coin was seen taking a break from its uphill journey. The altcoin was trading for $38.14. The coin had witnessed a 7.70% surge just throughout the day and a 25.65% rise over the last seven days. BNB was recently overshadowed by several other coins in terms of market cap. BNB stood as the ninth-largest coin with a market cap of $5.559 billion.
Binance Coin [BNB] One Hour Price Chart
In the one-hour price chart of Binance Coin [BNB], all the signs were pointing towards the bulls. The volume was quite high in the BNB market earlier today, however, during press time, the volume was seen depleting. The 50 daily moving average [Blue] was seen above the 100 daily moving average [Red]. This crossover is touted to be a bullish one.
BNB recently managed to sneak past a critical line of resistance at $36. The altcoin went all the way to $39.6 and is seemingly prepping for another all-time high.
Binance Coin [BNB] Price Chart With Indicators
BNB had apparently packed for a journey to the moon. The Parabolic SAR indicator laid out dotted lines below the candlesticks, stopping any possible downward breakout. The MACD indicator was seen retaining its bullish crossover. The signal line was well below the MACD line. The Relative Strength Index revealed a buyers’ sentiment. The RSI indicator was seen recovering from its stay in the overbought zone.