The first half of 2023 has been a tale of two tales for the cryptocurrency market, with digital assets recording significant price uptrends in the first quarter followed by major losses in the second.
However, over the last two days, the cryptocurrency market has been on an upward trend including Binance Coin (BNB) which has experienced both huge gains. Among the top market performers, Tradecurve (TCRV) has emerged as a standout digital asset, showcasing a promising upward trend of 20%.
Binance Coin (BNB) Price Prediction: What Could Trigger An Upward Trend?
Over the past 2 weeks, Binance Coin has been trading within a narrow range between $253 and $220. On June 10th, Binance Coin experienced a significant sell-off, causing a breakdown from the support trendline of the symmetrical triangle pattern.
This breakdown initially indicated a potential further decline. However, due to improved bullish sentiment in the market fuelled by Bitcoin’s rally, the coin took a slight deviation from the expected trajectory.
The positive sentiment among investors was reinforced by the interest shown by large asset management companies in the spot Bitcoin ETF. As of today, the price of BNB stands at $251.47, a 0.80% increase in price over the past 24 hours and a 6.90% increase over the past 7 days. Binance Coin is currently trading below the 50-Day and 200-day simple moving averages, indicating a bearish trend. The 50-Day SMA is at $290.87, while the 200-Day SMA stands at $297.77. Meanwhile, the 14-Day RSI of 38.66 suggests that the BNB market is in a neutral position.
Support levels for Binance Coin are at $246.35, and $242.83, and the strongest support level is at $238.92. Conversely, resistance levels are at $253.77, $257.68, and $261.20. Interestingly, DigitalCoinPrice, a price prediction platform, has forecasted a positive outlook for Binance Coin. Based on historical data, its Binance Coin price prediction for 2023 suggests an average price of $733.51, followed by a projected increase to $821.90 in 2024 and $1,155.95 in 2025.
Tradecurve Price Up 20%
Tradecurve’s TCRV token has achieved a significant milestone, surpassing its previous all-time high (ATH) of $0.015 within just one week. This remarkable surge has propelled the token’s price by 20% to reach $0.018. The spike in the price of TCRV comes amidst a spike in the interest in its exchange platform, Tradecurve.
What sets Tradecurve apart from exchanges like Kraken and Gemini is its focus on providing users with enhanced autonomy and control over their assets and private keys. Additionally, Tradecurve offers a more streamlined user experience, as it eliminates KYC checks.
This approach allows investors from around the world to trade using just an email address and a crypto wallet. Apart from crypto trading, Tradecurve also offers users access to other markets, including stocks, commodities, and forex.
At the current price of $0.018 for TCRV, the fourth presale stage presents an attractive opportunity for investors looking to grow their assets. Most market analysts predict that Tradecurve will continue on its bullish path, and increase as much as 40% in the fifth stage of its presale, which will happen in the coming week.
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