Cryptocurrencies Price Prediction: Binance Coin, SafeMoon & Bitcoin— Asian Wrap 31 Aug
|Binance Coin Price Prediction: BNB locks in on $600 as it bounces off crucial support level
Binance Coin price struggled with its uptrend as it encountered a massive resistance level. Failure to stay afloat dragged BNB lower, where it currently retests a support barrier. Investors can expect a comeback from the buyers, pushing the altcoin higher. If BNB breaches below the $434.1 demand barrier, it will invalidate the bullish outlook.
SafeMoon Price Prediction: SAFEMOON ponders 50% upswing
SafeMoon price is traversing a bullish pattern and shows signs of further gains in the near future. While an upswing seems likely, a spike in selling pressure that shatters immediate support levels will be fatal for SAFEMOON. SafeMoon price has been consolidating since May 26, setting up three lower highs and multiple lower lows.
Market Wrap: Bitcoin Consolidates as Altcoin season heats up
Bitcoin’s rally is taking a breather as altcoins outperform. Bitcoin (BTC, -3.69%) traded sideways on Monday and is holding support above the 200-day moving average of about $46,000. The cryptocurrency was changing hands at around $48,000 at press time and is roughly flat over the past 24 hours. Analysts expect bitcoin to remain rangebound heading into the end of the month as investors show a strong preference for altcoins.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.