Binance Coin (BNB)

The crypto market was painted in red. Binance Coin [BNB] was the only asset that was riding the bullish wave. Volatility was written all over the market. Just today, all the assets were seen surging but hours later almost the entire market dropped to the red zone.

Bitcoin [BTC], despite enduring a dainty drop, was seen floating above the $60K level. The altcoin market was in a slump. Solana [SOL] had been bagging significant gains over the last couple of days. However, today, the altcoin was smeared in red. XRP, Cardano [ADA], and Polkadot mirrored a similar notion. Shiba Inu [SHIB], was dropping by 3.60% which was good considering the asset’s recent track record.

Binance Coin [BNB] was on a roll. The altcoin was the face of today’s market. With a whopping 8.85% surge in the last 24-hours, BNB was the talk of the crypto town. During the time of writing, BNB was trading for $607. While the coin finally crossed the $600 level, the persistence of the ongoing trend could act as a great push to the asset.

The market cap of the altcoin was on board with the existing trend as it reached a high of $101.5 billion. Binance Coin stood as the third-largest cryptocurrency in the market.

Binance Coin [BNB] one-hour price chart

The bulls were dancing all over the Binance Coin market. The one-hour price chart on BNB noted strong bullish signs which could mean that the chances of the altcoin moving on towards $650 were high. The Parabolic SAR indicator formed dotted lines below the price candles which further acted as a line of support.

The MACD line was way above the signal line which further indicated a bullish crossover for the altcoin.

The Relative Strength Index [RSI] indicator suggested that the altcoin was being overtly purchased by the buyers in the market.

The crypto market was painted in different colors. Shiba Inu [SHIB] and Binance Coin [BNB] were particularly glistening in green. Bitcoin [BTC] was clearly taking a breather as it remained stuck at $61K. The altcoins were trying to take over but certain coins were sluggishly moving on to the bullish zone.

Over the last couple of days, Ethereum [ETH] has been making immense news. The asset’s jump towards its latest all-time high left the entire crypto community in awe. While it tries to move on to the $5K zone, the bulls were trying to bring in all the luck to the altcoin.

The meme coins were leading the bull run. Both, Shiba Inu as well as Dogecoin were amassing significant gains.

Binance Coin [BNB] was the star of today’s market. The altcoin took charge and pushed itself over the $500 zone. At the time of writing, Binance Coin was trading for $523 with a 5.33% surge in the last 24-hours. The previous few days have unquestionably been beneficial for the coin as it bagged profits up to 9%.

While the overall market cap of the crypto-verse resides at $2.64 trillion, Binance Coin, the third-largest cryptocurrency, accounted for about $87 billion.

Binance Coin [BNB] one-hour price chart

Despite its move over $500, the bears were seen dancing all over the short-term price chart of BNB. The Awesome Oscillator indicator laid out numerous sturdy red bars and closed the trend with a bearish read bar. This bearish notion was further mirrored by the MACD indicator. As the signal line took over the MACD line, the chances of BNB to surge were shattered.

These signs could dement the possibility of an uptrend. However, since the above chart depicted Binance Coin’s short-term, a long-term hike could be possible.

The Relative Strength Index [RSI] indicator announced that the altcoin was being excessively purchased by the buyers in its market.

The crypto market was filled with mixed emotions. Binance Coin [BNB], Cardano [ADA], Dogecoin [DOGE], and few others were seen residing in the bearish arena while Bitcoin [BTC] and Solana [SOL] still had the bulls in their markets.

Bitcoin [BTC] has been on a roll. From a low of $42K, the king coin flew to a high of $54K in no time. The persistence of the ongoing trend could undoubtedly push the coin on to $60K. The entire market was seen rejoicing BTC’s plunge towards $1 trillion, in terms of market cap. Solana [SOL] noted a major uptrend after its recent downfall. The altcoin was seen on a downward trajectory while the entire market was enjoying a bullish notion.

Binance Coin [BNB] was seen noting a major loss as the bears were all over its market. BNB, during the time of writing, was trading for $421.28 with a 4% drop over the last 24-hours. The altcoin was one of the first assets to welcome the bear into its market.

The market cap of the altcoin has been noting major fluctuations in its market cap. The altcoin’s market cap was noted at $70.8 billion. BNB’s ranking was rising and falling over the third and the fourth spot.

Binance Coin [BNB] one-hour price chart

The one-hour price chart of Binance Coin noted major bearish signs. The Parabolic SAR indicator took a significant turn from residing below the candlesticks all the way over the candlesticks. This transformation wasn’t for the best as the line acted as resistance and blocked any form of an uptrend. The Chaikin Money Flow [CMF] indicator also followed a similar suit. The CMF marker slipped below the zero median onto the bearish side of the chart.

The Relative Strength Index [RSI] indicator noted a sellers’ notion as the RSI marker resided below the 50 median. The RSI marker was so close to the oversold zone further indicating the high selling activity in the market.

The bulls had entered the market and all the coins were seen rejoicing. But, how long will this joy last? Binance Coin [BNB] was the only asset still persisting in its bullish notion. Bitcoin [BTC], Cardano [ADA], and a few other assets were slowly making room for the bear.

While the daily gains of every asset were slowly depreciating, the market cap of a few coins was rising and directly pushing the overall numbers beyond $2 trillion. The altcoins were putting up a great show with regard to market cap. Sadly, BTC was struggling to make it past $900 billion. At press time, the overall market cap of the crypto-verse was at $2.10 trillion.

Coming back to the price aspect, Binance Coin [BNB], Polkadot [DOT], and Solana [SOL] were bagging the most gains. BNB had a pretty good week as the coin garnered profits up to 20% over the last seven days. During the time of writing, BNB was trading for $423 with a 2.42% surge over the previous 24-hours.

The market cap of the altcoin blew to a high of $71.54 billion. This further secured the coin a spot as the third-largest cryptocurrency. Cardano [ADA] was slyly overpowered by the Binance Coin.

Binance Coin [BNB] one-hour price chart

The short-term price chart of BNB had the bull dancing all over it. While the bulls were slowly moving away from all the other markets, BNB still harbored it. The Parabolic SAR indicator formed dotted lines below the candlesticks and notified the presence of the bull. The Chaikin Money Flow [CMF] indicator remained in the bullish arena. The CMF marker was well settled over the zero median. The persistence of this trend could further push the altcoin towards $500.

The Relative Strength Index [RSI] indicator noted increased buying activity. The RSI marker was over the 50 median in the buyers’ arena.

Volatility was at its peak in the crypto market. Binance Coin [BNB], XRP, Ethereum [ETH], and several other coins, witnessed a plummet after bagging significant gains. While a few assets still remained green, the bears announced their entry into the crypto-verse.

Bitcoin [BTC] finally pushed past the barricade set up by the bear and hit $43K. Along with its price, the king coin’s market cap also noted a boost as it rose up to $800 billion. Ethereum [ETH], however, failed to make it to $3K. Despite the arrival of the bull and notwithstanding its daily gains of 1.23%, the altcoin remained at $2,900. The asset was a perfect example of the statement so close, yet so far.

Earlier today, Binance Coin [BNB] was seen bagging massive gains. But, this hot streak was interrupted by the bear. BNB’s journey towards $400 was once again placed hurdled. At the time of writing, BNB was trading for $373 with a price rise of only 0.93% over the last 24-hours.

The asset’s ranking noticed major fluctuations this year. From residing below the top five for the longest time, the altcoin finally made it to the top. Binance Coin even found a spot below Ethereum for a while. However, at press time, BNB stood as the fifth-largest cryptocurrency with a market cap of $62.7 billion.

Binance Coin [BNB] one-hour price chart

The short-term price chart of BNB observed the arrival of the bear. The bullish notion that existed in the market, earlier today was being reversed. The Parabolic SAR indicator laid out a single dot over the candlesticks and announced the presence of the bear. Mirroring this sentiment, the Awesome Oscillator indicator formulated red closing bars. All these bearish signs could further disrupt the altcoin’s journey towards $400.

The Relative Strength Index [RSI] marker remained over the 50 median noting a buyers’ market.

After attaining an impeccable surge, almost every asset witnessed a drop. Binance Coin [BNB], Bitcoin [BTC], Ethereum [ETH], and an array of assets noticed a major plummet. However, they didn’t take too long to recover. While Bitcoin dropped from $52K down to $44K, all the others did not garner that big of a loss. BTC dipped both with regard to price as well as market cap.

Even though the market cap of BTC dropped down below $900 billion, the overall market cap of the crypto-verse managed to stay above $2 trillion.

Certain assets stayed untethered by the temporary bear invasion. Solana [SOL] and Cardano [ADA] were seen bagging significant profits. SOL even managed to surge over $200. The fairly new coin beat XRP and took over its position as the sixth-largest cryptocurrency.

At the time of writing, Binance Coin [BNB] was trading for $417 with a dainty rise of 1.62%. However, the altcoin lost up to 15.32% throughout the week. With assets like Solana surging in terms of market cap, BNB’s position was put at risk. However, the altcoin’s market cap rose to $70 billion. This further allowed BNB to retain itself as the fourth-largest cryptocurrency.

However, Tether [USDT], the largest stablecoin was at $68 billion, during press time. Therefore, the chances of Binance Coin being overhauled were intact.

Binance Coin [BNB] one-hour price chart

The short-term or one-hour price chart of BNB noticed signs of bull. The MACD line remained over the signal line for the longest time forming a bullish crossover. Even though the distance between the two was faint, the asset persisted its bullish crossover. The Awesome Oscillator indicator laid out small green closing bars and announced the presence of the bull in the BNB market.

Furthermore, the Relative Strength Index [RSI] indicator was seen standing still on the 50 median which indicated minimal buying or selling activity.