Binance Coin soared 6.1% and held above its multi-week low of $ 386.83. BAT saw its immediate resistance at $ 0.880 after rising 9.3% in 24 hours.
Dogecoin showed mixed trading signals on the charts despite a 6% gain.
Binance coin [BNB]
Binance Coin has rebounded 6.1% in the past 24 hours. The altcoin was trading at $ 416.77 and managed to trade above its multi-week low of $ 386.83. Immediate resistance was at $ 433.54, which would mean the BNB is trading above its one-week low of $ 460.42. It is likely that the BNB could retest its multi-month high of $ 517.02.
The technical data of the BNB showed mixed trading signals. MACDs red histograms declined and neared a bullish crossover. Great oscillator flashing green signal bars.
In contrast, the BNB’s prices stayed below the 4-hour 20-SMA, suggesting the momentum was in favor of the sellers. The is accordingly Relative Strength Index below the 50 mark, which indicates weak buying pressure.
If buying pressures remained low, the NBB would drop to $ 386.83.
Basic attention mark [BAT]
BAT rose 9.3% in 24 hours to trade at $ 0.815. Immediate resistance was at $ 0.880 and then at the multi-month high of $ 0.981. Key indicators showed signs of a recovery in the market.
Red histograms receded to form a green histogram. Great oscillator showed green signal bars as an indication of an upward movement in price. Chaikin money flow saw capital inflows rising and stayed above mid-line.
If BAT loses momentum at press time, the price could drop to the two-week low of $ 0.734 and then trade near its one-month low of $ 0.661.
DOGE reversed its recent losses by 6%, trading at $ 0.255. Although the price rallied, the altcoin candlesticks remained below its four-hour 20-SMA – a level that suggests price momentum in favor of sellers.
Similarly, the Relative Strength Index showed a value of 40, suggesting that buying strength was low. The parabolic SAR also showed a downtrend with dotted lines placed above the candles.
If DOGE continues to take profit, immediate support for the coin will be at $ 0.240.
However, MACD showed decreasing red histograms and was approaching a bullish crossover.
Should the bullish thesis hold, the immediate resistance for DOGE was $ 0.273. Exceeding the mentioned price cap would raise the price of the altcoin above its one-week low of $ 0.314. If DOGE manages to stay above $ 0.314, it could hit the multi-month high price level of $ 0.347.