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BINANCE COIN PRICE ANALYSIS & PREDICTION (August 6) – BNB Sees 20% Daily Gain In A Fresh Recovery, Has Selling Ended?
Yesterday, BNB’s price reached an oversold condition after dropping consistently for a week. However, it has recovered significantly from the latest dip but the trend remains bearish on the daily chart. As the bull run continued to suspend due to the recent major sell-offs across the crypto space, BNB rolled over a week ago and broke through several key support levels to test $400 yesterday, marking its lowest price since March. That weekly breakdown brought about a 30% reduction in the value but the price recovered speedily due to a sharp rejection. It is now changing hands at $490 following...
Crypto Prediction Markets Show Tight Race Between Harris and Trump
TLDR On Polymarket, a crypto prediction market platform, Kamala Harris and Donald Trump are now tied at 49% each for odds of winning the 2024 U.S. presidential election. This marks a significant shift from earlier trends that strongly favored Trump, with Harris’s odds improving from 33% when she first announced her candidacy. The cryptocurrency industry is becoming increasingly important in the election, with 20% of voters in swing states considering crypto a major issue. The CFTC’s proposed rules on prediction markets have drawn criticism from crypto industry stakeholders, who argue they are too broad and may constitute overreach. As the...
FET Consolidates in Accumulation Zone as Investors Eye $350 Million in Profits
Artificial Superintelligence Alliance (FET) price could be looking at gains in the coming days if the demand rises. The FET investors are waiting for the price to go up again, as this would bring them significant profits. Artificial Superintelligence Alliance’s Next Move FET price at $0.85 is under the resistance of $0.90, a level that has been holding the altcoin back for the past week. As the Global In/Out of the Money (GIOM) indicator shows, a rise above this could lead to investors churning profits. According to this indicator, about 396.68 million FET worth a little under $350 million could...
