Binance Coin (BNB)

The ongoing trend in the crypto market proves the extreme volatility of the crypto industry. Earlier today, Binance coin [BNB], Ethereum [ETH], XRP and several other coins were seem recording new all-time highs, however, during the time of writing, the entire crypto market was on a downtrend. The global market cap followed suit as it was dropped to $1.87 trillion.

At the time of writing, the Binance coin dipped down $375. A few hours ago, the BNB community was celebrating the altcoin’s surge to an all-time high of $414.36, however, a 5.99% drop in the last 24-hours pushed the coin below $400. Nevertheless, the altcoin managed to record profits of over 25% in the last seven days. The market cap of the asset was noted at $57.9 billion and despite a small blip, the altcoin continued residing as the third-largest cryptocurrency.

Binance Coin [BNB] One-Hour Price Chart

After witnessing a drastic surge above $400, BNB recorded a massive fall. The altcoin on its short-term price chart was seen harboring the bears. The Parabolic SAR indicator was noted exhibiting a bearish sentiment as the dotted lines were over the candlesticks, further limiting the chances of the altcoin’s chances of upward breakout. The Awesome Oscillator indicator formed red closing bars and announced the presence of the bears.

The Relative Strength Index indicator was down by the sellers’ arena. These signs further suggested that the altcoin would possibly continue its stay below $400 for a while.

Binance Coin [BNB] One-Day Price Chart

The one-day price chart of BNB, however, had the bulls in its market. The MACD line remained over the signal line forming a bullish crossover. The Chaikin Money Flow indicator was above zero median which was considered bullish. The Money Flow Index indicator pointed out that the altcoin was being overbought.

While this bullish momentum could provide fuel to BNB’s journey back to $400, the bears in its short-term chart could slow this process.

The overall crypto market cap had hit a high of $1.36 trillion and Bitcoin [BTC], Binance Coin [BNB], Polkadot [DOT], Cardano [ADA] along with an array of currencies were seen aiding this journey. Thanks to Elon Musk, the price of Bitcoin almost hit a high of $48K. While the king coin is retraced to $46,534, at press time, all the other assets were seen on an uptrend. Ethereum [ETH], however, was seen failing at its attempts to hit $2K. ADA as well as DOT had flipped XRP in terms of market cap. For the first time in a long time, XRP was seen at the sixth position with a market cap of $20.89 billion.

Binance Coin [BNB] had climbed up the crypto ladder and found a spot as the seventh largest cryptocurrency. The market cap of the altcoin was at $14.55 billion. BNB was trading for a high of $94.77, during press time. Binance’s native asset had surged up to a high of $96.44. While the crypto community laid out speculations of the asset hitting $100, the BNB market seemed to be following the same trail.

Binance Coin [BNB] One-Hour Price Chart

The short-term price chart of BNB had bulls grazing in its market. The volume in the market was quite high. The Parabolic SAR indicator had formed dotted lines below the candlesticks which demented the chances of the altcoin enduring any immediate crashes. The MACD indicator prolonged the bullish crossover it had undergone yesterday. The disparity between the MACD line and signal line limited the chances of a bearish crossover. The Money Flow Index [MFI] indicator revealed that the asset was in the overbought zone.

Binance Coin [BNB] One-Day Price Chart

The one-day price chart of BNB suggested that the asset was in for a major change in its price. The Bollinger Bands indicator was wide apart which indicated a potential surge in the volatility. The Chaikin Money Flow indicator was above zero which pointed out a bullish momentum in the BNB market. A buyers’ sentiment was intact, the Relative Strength Index [RSI] affirmed.

The crypto industry has been exerting extreme volatility. Cardano [ADA], Binance coin [BNB], Bitcoin [BTC], Litecoin [LTC] were among the few coins that were drowning in the red sea. Cardano [ADA], despite gaining profits throughout the week, was seen dropping by 11.89% in the last 24-hours. Nevertheless, the asset managed to retain itself above $1. The global market cap was noted at $1.79 trillion with BTC accounting for about $1.09 trillion.

Binance coin managed to turn heads with both its price as well as its market cap. The asset endured quite a journey from $65 to $265. BNB even zoomed up the crypto ladder and currently stands as the third-largest cryptocurrency. During press time, BNB’s market cap was noted at $41.09 billion. At the time of writing, BNB was trading for $265.71 with a 3.35% drop in its price over the last 24-hours.

Binance Coin [BNB] One-Hour Price Chart

The downtrend that BNB was enduring could be changed, alerted the bulls in its market. The Parabolic SAR indicator formed a bullish pattern below the candlesticks. This line could act as a great form of support as it might retain BNB over $250 for quite a while. The Awesome Oscillator indicator, after an array of red bars, had finally rolled out green closing bars. The bullish sentiment in the altcoin’s short-term price chart could act as a stairway to $280.

The Relative Strength Index announced a buyers’ sentiment as the marker was over 50 median.

Binance Coin [BNB] One-Day Price Chart

A bearish momentum was seen in the one-day price chart of BNB. The Bollinger Bands were converging during this time. This could further be beneficial for the asset considering the limited volatility BNB would be dealing with amidst the bearish market. The MACD line remained below the signal line since the beginning of the month. The MACD indicator with a bearish crossover affirmed that BNB could encounter a downfall.

The Money Flow Index indicator revealed that the altcoin was close to being overbought.

The entire crypto market was seen taking a vacation with the bulls, Binance coin [BNB], Ethereum [ETH], and several other coins were noted bagging dainty gains. However, XRP was seen taking a long ride with the bulls with an 11% surge in the last 24-hours. The global crypto market cap was on the rise as it was recorded at $1.70 trillion. Bitcoin [BTC] was retracing after hitting an all-time high of $61,683. While Bitcoin dominated the scene by 60.8%, Ethereum was overlooking the market by 12.1%.

At the time of writing, the Binance coin [BNB] was trading for $255.82. The asset gathered onlookers as the altcoin surged to a high of $342.88. However, it failed to retain its stay over $300. The altcoin had even climbed up the crypto ladder. BNB was seen standing as the third-largest cryptocurrency with a market cap of $39.22 billion.

Binance Coin [BNB] One-Hour Price Chart

The short-term price chart of BNB was seen dancing with the bulls. The Parabolic SAR indicator had laid out dotted lines below the candlesticks further negating the possibility of a downward breakout. This could protect the coin from slumping down below $200. The Chaikin Money Flow indicator suggested a bullish momentum as the CMF marker was over zero.

The Money Flow Index was over 50 median which pointed out a buyers’ market.

Binance Coin [BNB] One-Day Price Chart

The one-day price chart of the altcoin was down by the bearish arena. The Bollinger Bands indicator was close to each other which indicated limited volatility. The MACD line remained over the signal line which is considered a bearish crossover. This further affirmed that the limited volatility could be profitable for the coin weighing the bears in the market. The Relative Strength Index indicator was seen in the buyers’ zone despite, the bears in the market.

Furthermore, this could diminish the chances of BNB surging over $300 anytime soon.

All the crypto assets were seen trying to recover all the gains they had lost at the beginning of this month. Both, Binance coin’s [BNB] price and market cap had receded over the last couple of days. BNB, similar to other coins was on its way to redemption.

Binance coin, during the time of writing, was trading for a high of $281.63 with a dainty change of 0.50%. Earlier this week, the altcoin endured and rose up to $296.66, however, this was staggered by the bears in its market. Over the last seven days, BNB scored gains of up to 16.62%. While ADA had heralded BNB with regard to market cap, the latter was quick enough to garner its spot back as the third-largest cryptocurrency.

Binance Coin [BNB] One-Hour Price Chart

BNB’s multiple efforts to move past $300 have been exhausted. A strong line of resistance at $290.5 could be negating the chances of the altcoin resurging to its previous all-time high. Two lines of support were also noted in the short-term price chart of BNB at $269.4 as well as $229.3.

The Chaikin Money Flow indicator navigated its way back over zero affirming the presence of bulls in the market. The Awesome Oscillator played along as it laid out green closing bars. A sellers’ sentiment was, however, notified by the Money Flow Index indicator.

Binance Coin [BNB] One-Day Price Chart

The bears were still in its market announced the indicators used in the one-day price chart of BNB. The Parabolic SAR indicator went on to put forth dotted lines over the candlesticks, this further diminished the likelihood of an upward breakout. The MACD line and the signal line were quite close to each other, yet they had undergone a bearish crossover. The Relative Strength Index indicator was existing in the buyers’ arena.

While the short-term chart called for a ticket to $300, the long-term price chart of the altcoin was exhibiting difficulty in moving to its all-time high.

Binance coin [BNB] was one coin that remained untethered by the bears in the market for a long time. Unfortunately, the asset had to succumb to the bears. While all the assets were trying to recover from the latest carnage, BNB was seen taking it slow. The altcoin was trading for $249.45, during the time of writing, with a dainty change in its price over the last 24-hours. In terms of market cap, BNB did see impeccable growth. However, Cardano [ADA] took over the altcoin as the third largest coin. At press time, BNB was standing as the fourth largest cryptocurrency with a market cap of $38.67 billion.

Meanwhile, all the other assets were seen trying to get rid of the bears from their respective markets. Bitcoin had finally moved past $50K and was trading at $52,000.86 with a 6.47% surge in the last 24-hours. Almost all the altcoins were seen mirroring a similar trend.

Binance Coin [BNB] One-Hour Price Chart

Things looked positive for BNB on its short-term price chart. The altcoin was seen harboring the bulls after a long stay of the bears. The Parabolic SAR indicator formed a bullish pattern below the candlesticks hindering any sudden breakouts in the downward direction. The MACD indicator went in for a bullish crossover, earlier today and retained it. The Relative Strength Index indicator was seen in the buyers’ zone.

Binance Coin [BNB] One-Day Price Chart

Amidst a bearish market, BNB managed to score an all-time high of $342. But, the asset endured a major pullback back into $200. The Bollinger Bands indicator used in the one-day price chart of Binance coin was seen wide apart further implying the possibility of an increase in volatility. But the bands were seen prepping for a convergence which could mean that this volatility could be limited.

The Awesome Oscillator formed an array of red closing bars which suggested that the bears had taken over the BNB market. The Money Flow Index, however, pointed out that a buyers’ sentiment was intact in the market.