Largest Movers: BNB Hits 2-Month Excessive, ETC Extends Latest Declines

After extending current positive factors, bnb rose to its highest level in two months throughout right this moment’s buying and selling session. The transfer comes following tweets from Binance CEO Changpeng Zhao, confirming a brand new partnership with Swiss watchmaker Franck Muller. Ethereum traditional, however, was decrease for a second straight session. Binance Coin (BNB) BNB, the native […]

After extending current positive factors, bnb rose to its highest level in two months throughout right this moment’s buying and selling session. The transfer comes following tweets from Binance CEO Changpeng Zhao, confirming a brand new partnership with Swiss watchmaker Franck Muller. Ethereum traditional, however, was decrease for a second straight session.

Binance Coin (BNB)

BNB, the native token of the Binance ecosystem, was certainly one of right this moment’s greatest movers, because it rose to its highest stage in two months.

The transfer got here following the announcement of a brand new partnership with Swiss luxurious watchmaker Franck Muller.

Binance CEO Changpeng Zhao confirmed the information, tweeting, “Franck Muller accepts BNB fee for his or her watches”.

Because of this, BNB/USD rose to an intraday peak of $307.76 in right this moment’s session, lower than 24 hours after buying and selling at a low of $290.32.

The transfer noticed BNB climb above its resistance stage at $300, on its technique to hitting its highest level since June 6.

Following this excessive, momentum has now eased, as bulls possible liquidated their earlier positions at this stage, which has traditionally been some extent of uncertainty.

Along with this, BNB seems to have entered overbought territory, with the 14-day relative energy index (RSI) presently monitoring at a four-month excessive of 69.77.

Ethereum Basic (ETC)

However, ethereum traditional (ETC) was down for a second straight day, as costs proceed to drop following a current excessive.

Since hitting a peak of $45.40 on July 29, which was its highest level since April, ETC/USD traded within the purple for 5 of the final seven periods.

In the present day’s drop noticed the cryptocurrency fall to an intraday low of $35.10, which is marginally greater than a present help stage of $35.00.

Since hitting this backside, costs have barely elevated, with the token buying and selling at $36.14, as of writing.

This seems to be because of the 14-day RSI shifting above a flooring of its personal at 65, and it’s presently monitoring near 67.

Ought to we proceed to see value energy enhance, ETC bulls will possible try to take the token in the direction of a ceiling of $38.90.

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