BNB price targets $785 following breakout above descending triangle resistance

With the price of Bitcoin back above the pivotal $80,000 mark following a slight rebound on Sunday, several indicators are beginning to demonstrate strength once again. One of the most recent indicator that has turned bullish as market conditions slowly improves is the Bitcoin Realized Cap. A Change In Bitcoin Market Dynamics Bitcoin’s renewed bullish […]

Cardano price continued pushing higher on Monday after confirming a breakout from a multi-month falling wedge pattern, raising expectations that bulls could attempt a move toward the $0.32 level in the coming sessions. According to data from crypto.news, Cardano (ADA)…

The post BNB price targets $785 following breakout above descending triangle resistance. appeared on BitcoinEthereumNews.com. BNB price climbed toward the $660 level after breaking above a multi-month descending triangle resistance, with traders increasingly positioning for a larger upside move toward the $785 region. Summary BNB broke above a multi-month descending triangle resistance, with the bullish breakout pattern projecting a potential move toward $785. CoinGlass data showed BNB futures open interest rising more than 7% over the past 24 hours as leveraged traders increased bullish positions. Technical indicators, including a bullish MACD crossover and a strong Aroon Up reading above 90, signaled strengthening upward momentum. After briefly dipping near $627 earlier this month, BNB (BNB) price rebounded sharply to trade around $655 at press time on May 11. The token has now gained steadily alongside the broader crypto market recovery as investor appetite for risk assets improved.

Bitcoin faced a choice between consolidation and new local highs as $80,000 support held despite flash BTC price volatility and liquidity grabs.

The Osmosis crypto price has surged on extreme trading volume and liquidity inflows. Cosmos governance rejection kept Osmosis independent and stable. Price now hinges on holding $0.065 and breaking $1 resistance. The price of the Osmosis (OSMO) crypto has jumped sharply by nearly 200% in 24 hours, moving from a low near $0.03383 to around […] The post Why is Osmosis (OSMO) crypto price up 200% today? appeared first on CoinJournal.

A weekly close above what was previously major resistance is a strong statement of intent by the Bitcoin bulls. Actually printing an entire weekly candle above this level is probably the next target. Can the bulls now use this level as a base to go higher, or will the gravitational pull of the bear market trend prove too strong?

Sui price rallied to a 4-month high of $1.41, becoming one of the best-performing major crypto assets on Monday. According to data from crypto.news, Sui (SUI) price rallied nearly 40% from $1 to $1.41 on Monday before stabilizing near $1.27…

This Mother’s Day, bitcoin was trading around $81,700, a figure that would have seemed impossible when it sat at $8 on the same holiday in 2011, making this the second-highest Mother’s Day price in bitcoin’s 15-year history. A Mother’s Day Gift That Kept Compounding Every second Sunday in May offers a unique lens through which […]