Major cryptocurrencies bounced back from their recent slumps and many altcoins showed similar price movements. However, certain altcoins showed signs of price reversal despite the recorded gains.
Binance Coin was up 2%, although purchasing power fell as it saw the price floor of $ 460.42. VeChain gained 5.8% and hovered near its resistance level of $ 0.127 as it indicated an impending price decline. Eventually, LUNA was up 6.3% and attempted to retest its all-time high of $ 34.24.
Binance Coin (BNB)
Binance Coin gained 2% in the past 24 hours and cost $ 487.13. If the BNB does not lose its upward momentum, the coin could retest the immediate resistance level of $ 517.02.
The technical data indicated a turnaround, which was accompanied by mixed signals on the 4-hour chart. MACD red bars flashed in the histogram even though they were decreasing during the last trading sessions.
Relative Strength Index stayed above the half-line but threatened to fall below it in upcoming trading sessions. Bollinger bands tightened, indicating limited price movement.
BNB could trade between $ 517.02 and $ 460.42. When it shows a downtrend, the support lines have been at $ 460.42 and $ 433.54.
VeChain (vocational training)
VET was up 5.8% in the past 24 hours to trade at $ 0.124. The asset has its immediate price cap of $ 0.127 in mind, and if it fell, it could retest $ 0.145.
However, the indicators did not show a very bullish price action for VET. Even if the buying pressure recovered comparatively, Relative Strength Index could drop below half the line if prices hover around the current range for more than a few sessions.
Great oscillator flashing green signal bars. Bollinger bands The range-bound price action shown and the expected prices could fluctuate between $ 0.127 and $ 0.115. In the event of a further decrease in buying pressure, the VET support region waits at $ 0.115 and $ 0.103.
LUNA appreciated 6.3% on the final day when prices were at $ 31.87. It could try again to recapture its all-time high of $ 34.24 for the second time this month, only if bullish strength doesn’t fizzle out.
The purchasing power increased as the Relative Strength Index was near 60 and rising. Green bars were seen on the MACD Histogram, right after a bullish crossover.
Great oscillator had also observed green bars until a red bar stopped it. If LUNA moves down followed by a red trade, support for the coin was at $ 28.74 and $ 26.62, respectively.