The crypto market was back in business with its market cap hitting $1 trillion again. Binance Coin [BNB], Cardano [ADA] as well as Ethereum [ETH] were seen on the top in terms of price change. Ethereum was seen trying to push past its all-time high once again, while ADA seemed to be aiming for $1 with its 17% surge in the last 24-hours. XRP and Dogecoin [DOGE] were seen stepping down from the top as both these assets were enduring major losses, especially in the last 24-hours. Bitcoin [BTC] was seen on the sidelines with a dainty price change of 1%. The price of the king coin, at press time, was noted at $34,207.47.
Binance Coin [BNB], during press time, was priced at $50.75 with an 11.39% surge over the past 24-hours. Earlier today, BNB hit an all-time high of $52.14. The altcoin was seen finding its way back into the top ten. BNB was standing as the tenth-largest coin with a market cap of $7.7 billion.
Binance Coin [BNB] One-Hour Price Chart
BNB was on a roll. The asset hit its all-time high and was seen retracing. In the one-hour price chart of BNB, the bears were seen stopping for a bit. The Parabolic SAR indicator formed dotted lines above the candlesticks and restricted any short term surges in the upward direction. The Awesome Oscillator also exhibited a similar notion as it laid out strong red closing bars. The MACD line had undergone a bearish crossover.
All the indicators used in the coin’s short term chart suggested that BNB was bound to fall.
Binance Coin [BNB] Short Term Price Chart
The volume on BNB’s one hour price chart had subsided over time. The asset was seen depleting from the overbought zone. Despite this fall, a buyers’ sentiment was intact in the BNB market, the Relative Strength Index indicator suggested,