was originally published on this site
Binance Coin shot up by 6.1% and sustained itself above its multi-week low of $386.83. ((BA))T was eyeing its immediate resistance of $0.880 after gaining by 9.3% in 24 hours.
Dogecoin, despite noting a 6% hike, pictured mixed trading signals on the charts.
Binance Coin [BNB]
))T and Dogecoin price Analysis: 09 September ” width=”1822″ height=”799″ srcset=”https://files.ambcrypto.com/wp-content/uploads/2021/09/09182811/BNBUSD_2021-09-09_17-35-50.png 1822w, https://files.ambcrypto.com/wp-content/uploads/2021/09/09182811/BNBUSD_2021-09-09_17-35-50-300×132.png 300w, https://files.ambcrypto.com/wp-content/uploads/2021/09/09182811/BNBUSD_2021-09-09_17-35-50-1024×449.png 1024w, https://files.ambcrypto.com/wp-content/uploads/2021/09/09182811/BNBUSD_2021-09-09_17-35-50-768×337.png 768w, https://files.ambcrypto.com/wp-content/uploads/2021/09/09182811/BNBUSD_2021-09-09_17-35-50-1536×674.png 1536w” data-sizes=”(max-width: 1822px) 100vw, 1822px”/>
Binance Coin recovered by 6.1% over the last 24 hours. The altcoin was trading at $416.77 and it managed to trade above its multi-week low of $386.83. Immediate resistance stood at $433.54, moving above which would mean that BNB was priced above its one week low of $460.42. It is likely that BNB could retest its multi-month high of $517.02.
BNB’s technicals displayed mixed trading signals. MACD’s red histograms receded and approached a bullish crossover. Awesome Oscillator flashed green signal bars.
In contrast, BNB’s price’s remained below the four-hour 20-SMA, implying that the momentum was in favor of the sellers. In accordance with the same, the Relative Strength Index was below the 50-mark, indicating weakness in buying pressure.
If buying pressure continues to remain low, BNB would dip to $386.83.
Basic Attention Token [((BA))T]
))TUSD_2021-09-09_17-37-00.png” alt=”Binance Coin, ((BA
))T and Dogecoin price Analysis: 09 September ” width=”1823″ height=”712″ srcset=”https://files.ambcrypto.com/wp-content/uploads/2021/09/09182854/((BA
))TUSD_2021-09-09_17-37-00.png 1823w, https://files.ambcrypto.com/wp-content/uploads/2021/09/09182854/((BA
))TUSD_2021-09-09_17-37-00-300×117.png 300w, https://files.ambcrypto.com/wp-content/uploads/2021/09/09182854/((BA
))TUSD_2021-09-09_17-37-00-1024×400.png 1024w, https://files.ambcrypto.com/wp-content/uploads/2021/09/09182854/((BA
))TUSD_2021-09-09_17-37-00-768×300.png 768w, https://files.ambcrypto.com/wp-content/uploads/2021/09/09182854/((BA
))TUSD_2021-09-09_17-37-00-1536×600.png 1536w” data-sizes=”(max-width: 1823px) 100vw, 1823px”/>
((BA))T hiked by 9.3% in 24 hours and it was trading at $0.815. The immediate resistance lay at $0.880 and then, at the multi-month high of $0.981. Key indicators flashed signs of revival in the market.
Red histograms receded and pictured a green histogram. Awesome Oscillator demonstrated green signal bars in an indication of upward price action. Chaikin Money Flow noted appreciating capital inflows and remained above the mid-line.
If ((BA))T loses its press time momentum, the price could fall to the two-week low of $0.734 and then trade near its one-month low of $0.661.
))T and Dogecoin price Analysis: 09 September ” width=”1823″ height=”712″ srcset=”https://files.ambcrypto.com/wp-content/uploads/2021/09/09182939/DOGEUSD_2021-09-09_17-41-11.png 1823w, https://files.ambcrypto.com/wp-content/uploads/2021/09/09182939/DOGEUSD_2021-09-09_17-41-11-300×117.png 300w, https://files.ambcrypto.com/wp-content/uploads/2021/09/09182939/DOGEUSD_2021-09-09_17-41-11-1024×400.png 1024w, https://files.ambcrypto.com/wp-content/uploads/2021/09/09182939/DOGEUSD_2021-09-09_17-41-11-768×300.png 768w, https://files.ambcrypto.com/wp-content/uploads/2021/09/09182939/DOGEUSD_2021-09-09_17-41-11-1536×600.png 1536w” data-sizes=”(max-width: 1823px) 100vw, 1823px”/>
DOGE reversed its recent losses by 6% and was trading at $0.255. Although the price noted a recovery, the altcoin’s candlesticks remained below its four-hour 20-SMA – A reading that suggested price momentum in favor of sellers.
Similarly, the Relative Strength Index flashed a reading of 40, indicating that buying strength was low. Parabolic SAR also depicted a downtrend with dotted lines assembled above the candlesticks.
If DOGE continues to witness profit-taking, the immediate support for the coin will stand at $0.240.
MACD, however, displayed receding red histograms and was approaching a bullish crossover.
In the event of the bullish thesis holding up, the immediate resistance for DOGE stood at $0.273. Toppling the mentioned price ceiling would elevate the altcoin’s prices higher than its one-week low price of $0.314. If DOGE manages to sustain itself over $0.314, then it could revisit the multi-month high price level of $0.347.