MAs cease Polkadot (DOT) and Binance Cash (BNB) to get bullish – FX Leaders

Polkadot and Binance Coin followed the crypto market higher from August to November, but the bearish reversal of the market over the past two months has weighed on these two cryptos, particularly Binance, which at one point lost more than half of its value. But the decline has now stopped and they are showing signs of wanting to get bullish again. So let’s see what the daily charts for BNB and DOT look like.

Polkadot Daily Chart Analysis – Will Buyers Go To Top MAs?

Polkadot has started rolling out parachains, which are designed to give blockchain interoperability a boost. The first five Parachains to go live are Acala, Moonbeam, Parallel Finance, Astar and Clover, which offer applications for DeFi (decentralized finance), investments and lending.

Parachains solve the problem for blockchains that need to be able to provide a variety of services and connect. Parachains released in November when market sentiment was quite bearish again and polkadot had been bearish for the past two months. DOT / USD fell from a high of $ 55 to $ 24, despite seeing attempts to reverse the trend over the past month. Now the 200-day SMA (purple) has turned into resistance for polkadot, despite buyers pushing hard so there will be a pause soon. This retreat is not a bad time to buy DOT coins as the uptrend will soon resume once the mood in the market improves.

Binance Daily Chart Analysis – Will Support Maintained At $ 500 For BNB Coin?

BNB-Coin is still trading in the upward zone

The demand for Binance Coin (BNB) has steadily increased despite the crackdown on this crypto exchange, which is part of the larger crackdown on cryptocurrencies worldwide. Binance has been banned in various countries and fines have been imposed in others, but it continues to function as a crypto exchange worldwide and the demand for the BNB coin remains decent.

After rising to $ 670 by early November, Binance has pulled down due to the ongoing bear market in the crypto market. But the $ 500 level that previously acted as resistance has turned into support that has held for nearly two months. WOO Network, which has raised more than $ 40 million in the past few months, has added significant value to the crypto ecosystem by providing deep liquidity and fee-free trading both in and out of the chain.

BSC works with this network and is supposed to supply the Binance Smart Chain with liquidity after the start of the WOOFi Swap. The BNB is now holding its profits at around $ 500 and the uptrend is likely to resume soon, so this could be a good place to look for longs in Binance coins.

BNB / USD


Share post on

Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Because of this Binance Coin is down 33% from its all-time excessive – Cointelegraph Binance

Because of this Binance Coin is down 33% from its all-time excessive – Cointelegraph

Binance Coins (BNB) holders saw a 1,760% rally from $37 to $692 between January...

By wpadminsonic164
Ariva Digital’s “Arivaman” NFT Sequence is Now Out there Because of Binance NFT – StreetInsider.com Binance

Ariva Digital’s “Arivaman” NFT Sequence is Now Out there Because of Binance NFT – StreetInsider.com

Get instant notifications when there's news about your stocks. Request your one-week free trial...

By wpadminsonic164
Binance and Crypto.com Announce Help for Two Ethereum-Primarily based Altcoins As Kraken Provides Terra (LUNA) – The Every day Hodl Binance

Binance and Crypto.com Announce Help for Two Ethereum-Primarily based Altcoins As Kraken Provides Terra (LUNA) – The Every day Hodl

Three of the leading crypto exchanges are adding a litany of new coins to...

By wpadminsonic164
European Cryptocurrency Exchanges Market Dimension, 2021 Evaluation by High Key Gamers |  Binance • Coinbase • Poloniex • LocalBitcoins • BTCC • Bittrex • Kucoin • iFinex • Kraken • Bitstamp • CoinDeal • EXMO • Coinfloor • CoinsBank – Industrial IT – Industrial IT Binance

European Cryptocurrency Exchanges Market Dimension, 2021 Evaluation by High Key Gamers | Binance • Coinbase • Poloniex • LocalBitcoins • BTCC • Bittrex • Kucoin • iFinex • Kraken • Bitstamp • CoinDeal • EXMO • Coinfloor • CoinsBank – Industrial IT – Industrial IT

New Jersey, United States, - The report on World Cryptocurrency Exchanges Market in Europe...

By wpadminsonic164
Nervos Launches Cross-Chain Bridge to Binance Good Chain by DailyCoin – Investing.com Binance

Nervos Launches Cross-Chain Bridge to Binance Good Chain by DailyCoin – Investing.com

Nervos launches cross-chain bridge to Binance Smart Chain Nervos today announced the launch of...

By wpadminsonic164
MATICUSDT – ANALYSIS for BINANCE: MATICUSDTPERP by Multiassetxplorations – Todayuknews – Todayuknews Binance

MATICUSDT – ANALYSIS for BINANCE: MATICUSDTPERP by Multiassetxplorations – Todayuknews – Todayuknews

Note: If you have any questions, please feel free to send me a message...

By wpadminsonic164
Bitcoin Slips Beneath $ 50,000 As Binance Whale Warns Urgent BTC Value By Cointelegraph – Investing.com Binance

Bitcoin Slips Beneath $ 50,000 As Binance Whale Warns Urgent BTC Value By Cointelegraph – Investing.com

© Reuters. (BTC) lost $ 50,000 for the first time in days on December...

By wpadminsonic164
ANTUSDT ANALYSIS for BINANCE: ANTUSDT by Multiassetxplorations – Todayuknews – Todayuknews Binance

ANTUSDT ANALYSIS for BINANCE: ANTUSDT by Multiassetxplorations – Todayuknews – Todayuknews

Note: If you have any questions, please feel free to send me a message...

By wpadminsonic164

Latest Posts

BITCOIN HOLDERS MUST WATCH!!! Bitcoin Information Immediately & Bitcoin Value Prediction (After Bitcoin Crash) Videos

BITCOIN HOLDERS MUST WATCH!!! Bitcoin Information Immediately & Bitcoin Value Prediction (After Bitcoin Crash)

BITCOIN HOLDERS MUST WATCH!!! Bitcoin News Today & Bitcoin Price Prediction (After Bitcoin Crash)...

By wpadminsonic164
BLACK FRIDAY SALE FOR BITCOIN & CRYPTO Videos

BLACK FRIDAY SALE FOR BITCOIN & CRYPTO

Today I am going to talk about today's dip with Bitcoin and Altcoins. Black...

By wpadminsonic164
CRYPTO EXPERTS PREDICT BITCOIN PRICE RISING TO $318,417 – HERE’S WHEN!!!!! Videos

CRYPTO EXPERTS PREDICT BITCOIN PRICE RISING TO $318,417 – HERE’S WHEN!!!!!

Earn 7.5% APY + Up To $250 BTC Bonus: https://blockfi.com/cryptonewsalerts Blockfi Bitcoin Rewards Credit...

By wpadminsonic164
5 Crypto Cash That Will 15x by DEC thirty first (Final Likelihood) | BitBoy Crypto Videos

5 Crypto Cash That Will 15x by DEC thirty first (Final Likelihood) | BitBoy Crypto

What altcoins have potential in December 2021? Are 15x in cryptocurrency still possible? Today...

By wpadminsonic164
🔴 Emergency Bitcoin Dump In the present day 🔥 High 4 Cash for Breakout ✅ Crypto Information In the present day 💯 Videos

🔴 Emergency Bitcoin Dump In the present day 🔥 High 4 Cash for Breakout ✅ Crypto Information In the present day 💯

Hello Doston, aaj ke video me maine aapse baat ki hai Emergency Bitcoin Dump...

By wpadminsonic164
Because of this Binance Coin is down 33% from its all-time excessive – Cointelegraph Binance

Because of this Binance Coin is down 33% from its all-time excessive – Cointelegraph

Binance Coins (BNB) holders saw a 1,760% rally from $37 to $692 between January...

By wpadminsonic164
Putin: Russia has ‘benefits’ in bitcoin mining Bitcoin

Putin: Russia has ‘benefits’ in bitcoin mining

Russian President Vladimir Putin said on Wednesday the country has distinctive features that allow...

By wpadminsonic164
Cardano IDO LaunchPad “Coollaunch” Begins Seed Sale to Early Adopters, Sells 5% of $COOL Tokens in Hours – GlobeNewswire Cardano

Cardano IDO LaunchPad “Coollaunch” Begins Seed Sale to Early Adopters, Sells 5% of $COOL Tokens in Hours – GlobeNewswire

Zurich, Switzerland, Jan. 14, 2022 (GLOBE NEWSWIRE) -- Coollaunch an IDO Platform on the...

By wpadminsonic164