As a seasoned analyst with years of experience navigating the volatile world of cryptocurrencies, I find myself observing a mixed bag to start this new week and month. While most coins are dipping, there’s an interesting exception – Binance Coin (BNB).
The new week and new month have started negatively for most of the coins, according to CoinStats.
BNB/USD
Binance Coin (BNB) is the exception to the rule, rising by 0.4% over the last day.
On the daily graph, the price of BNB has rebounded from the crucial zone around $500 again. Currently, it’s moving within a broad range, with the lower boundary at approximately $454.80 for support and an upper boundary at around $603 as resistance.
It seems that neither side has control, so it’s likely we’ll see a period of back-and-forth movements between approximately $520 and $540.
BNB is trading at $521.60 at press time.
TON/USD
The price of Toncoin (TON) has dropped by 1.73% since yesterday.
Technically speaking, you ought to focus on the region around $5. A potential breakout could provide the necessary momentum for a continued drop towards the $4.721 mark.
TON is trading at $5.149 at press time.
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2024-09-02 19:23