⏺#Analytics #BNB

The price of BNB/USDT coins demonstrates the interest of buyers to continue the upward trend after consolidation under the resistance zone 620 - 645, which the price is testing for the third time.

📈If the price of #BNB overcomes and consolidates above the resistance level of 645, it is possible to continue the bullish trend with the nearest targets in the range of 680 - 730.

📉The nearest support zone is located within the levels of 570 - 593. Breakdown of the support level by the price of BNB downwards will increase the probability of the beginning of the correction.

the provided information is not a trading recommendation

#Analytics #BNB

🔶 There is a triangle pattern on #BNB/#USDT with a squeeze to the 645.2 level.

Beginning of consolidation or volume accumulation since March 10.

There is a lot of liquidity behind the 645.2 level, many shorts have placed stop orders behind resistance levels 645.2, 669.3 and ATH level 691.8.

Trade: open a position to break the 645.2 level and hold mid term to ATH 691-700.

is not a trading recommendation

#Analytics #BNB

🔶 BNB/#USDT has broken through its ATH level of $691.8

The historical level of $691 was a resistance level, but after breaking through and consolidating above $691, the ATH became a support level.

📈 The following trading plan is being considered: building a position up to the price of $688 and holding the position with targets at $732-740

📉 Exiting the position will be considered if the price breaks below $686.6

this is not a trading recommendation

🌍 Weekly news #CryptoDigest:

🪙 BTC.D (Bitcoin Dominance over altcoins) — 56.60%
🧭 Fear and Greed Index — 74

🇺🇸 July 31 9:00 PM USD — Fed Interest Rate decision. Forecast — 5.50%; previous number — 5.50%.

🇺🇸 August 2 3:30 PM USD — Unemployment rate (June). Forecast — 4.1%; previous number — 4.1%.

🪙 #Solana has surpassed #BNB in market capitalization, and the price of #SOL is preparing to reach $200.

🪙 A new bill has been introduced requiring the US Federal Reserve to hold #BTC as a strategic reserve asset.

🎙 At #Bitcoin2024, Donald Trump gave a speech promising to fire the head of the #SEC and stated that the US will become the world leader in the crypto industry.

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

#Analytics #BNB

📈 As expected, the U.S. Federal Reserve lowered the rate by 0.5%, which triggered a positive market reaction.

For trading, it's worth considering the #BNB coin — it is currently consolidating around the 561 level.

🔶 The recent market interest in #BNB is driven by its use for farming new coins and for the Launchpool within the platform.

this is not financial advice

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