Binance Coin’s currency price (BNBUSD) inched lower in the intraday levels after trying to recoup some recent losses, while trading alongside the downward correctional trend line in the short term, with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels compared to the price’s movements.
Therefore we expect the price to decline and target the important support of $534.7, provided the resistance of $664.3 holds on.
Trend forecast for today: Bearish
Toncoin’s currency price (TONUSD) inched lower in the intraday levels, amid the dominance of the downward trend, as the price traded alongside the secondary short-term trend line, with negative pressure due to trading below the 50-day SMA, while venting off oversold saturation in the RSI in recent trading.
We expect the price to decline and target the important support of $2.9948, provided the resistance of $4.600 holds on.
Trend forecast for today: Bearish
Tron’s currency price (TRXUSD) edged lower in the intraday levels after bumping into the resistance of the 50-day SMA, exposing the price to negative pressure, amid the dominance of the downward correctional trend in the short term, as the RSI reached overbought levels compared to the price’s movements.
Therefore we expect the price to decline and target the pivotal support of $0.21619887, provided the resistance of $0.27477426 holds on.
Trend forecast for today: Bearish
Litecoin’s currency price (LTCUSD) edged lower in the intraday levels on profit-taking, while gathering momentum to rise anew, amid the dominance of the main upward trend in the medium term, with positive signals from the RSI, coupled with positive pressure from trading below the 50-day SMA.
Therefore we expect the price to return higher, targeting the pivotal resistance of $147.22, provided the support of $97.54 holds on.
Trend forecast for today: Likely Bullish