Despite volume gains lately, the altcoin price rally has slowed over the last 24 hours. Tokens like Binance Coin (BNB) which saw a huge trading volume in the past few days are trading in the red. Notwithstanding, Tradecurve is setting its eyes on a new price target, $0.088.
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Binance Coin (BNB) Price Surges, Can It Bounce Back?
Binance Coin’s price movement has formed a symmetrical triangle over the past few days. There appears to be uncertainty between the bullish and bearish sentiments in the market. The pattern typically indicates a continuation of the current trend, but there are cases where it can signal a reversal.
However, the trend reversal can hold if buyers successfully push the price above the triangle and maintain it. In such a scenario, Binance Coin could potentially rise to $265 and even reach the pattern target of $293.
With XRP winning the SEC lawsuit, there is bullish momentum in BNB coin and the crypto market. Since BNB was also accused of similar charges, investors are hopeful that Binance could win its lawsuit against the SEC.
With its current bullish state, for bears to gain control, they would need to push the price below the support line at 20-day EMA ($250). According to CoinMarketCap, BNB trades at $257.18, an increase of 6.52% over the past 24 hours for the price of Binance Coin.
Meanwhile, BNB Chain is preparing for a hard fork called “ZhangHeng,” scheduled to take place on July 19. This hard fork aims to enhance the security and overall functionality of the cryptocurrency.
Tradecurve (TCRV) Next Price Target $0.088
Tradecurve will function as a decentralized trading platform while also providing synthetic versions of OTC financial derivatives. Currently, TCRV is in Stage 4 of its presale, priced at $0.018. In the next stage of the presale, the price will increase to approximately $0.025, representing a growth of around 40%. Currently, Tradecurve’s next price target is to reach $0.088, a significant surge of 388% compared to its present value.
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— Tradecurve (@Tradecurveapp) July 18, 2023
Subsequently, the token will be launched on the open market. Tradecurve aims to attract a user base exceeding 100,000 within the initial three months and surpass well-established centralized finance (CeFi) players such as Huobi and Robinhood.
Unlike traditional exchanges, Tradecurve offers access to various markets like crypto, options, forex, stocks, indices, ETFs, CFDs, and commodities. Designed by traders for traders, it eliminates high commissions and utilizes transparent on-chain pricing models, making it more cost-effective.
Also, the platform operates in a fully decentralized manner, providing users with complete control over their assets. With no KYC requirements, users can access and utilize the platform anonymously from anywhere in the world. Tradecurve aspires to become a prominent global trading platform, challenging centralized firms like Coinbase, Binance, and Crypto.com.
Visit the links below to get more information about Tradecurve and the TCRV token:
Website: https://tradecurve.io/
Buy presale: https://app.tradecurve.io/sign-up
Twitter: https://twitter.com/Tradecurveapp
Telegram: https://t.me/tradecurve_official
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