The cryptocurrency market is showing turmoil in anticipation of new movements. Binance Coin is under pressure while BONK is showing signs of growth.
State of Binance Coin (BNB)
Binance Coin's price has faced resistance at $644.95, indicating a potential slowdown in its upward movement. The Relative Strength Index (RSI) shows overbought conditions while the MACD hints at a possible bearish crossover. It is anticipated that if the current resistance cannot be broken, the price could decline to the support at $600. Traders are closely monitoring chart movements, especially focusing on the likelihood of a significant shift in the next price action.
Potential Growth of BONK
BONK is forming a strong bullish pattern with a series of higher highs and higher lows. After hitting resistance, the price corrected, building a strong support base that includes the 200-day moving average and the 0.618 Fibonacci retracement, signaling a possible bounce. If BONK breaks through this resistance, a move of up to 77% could follow. The current price zone is considered critical for short-term analysis.
Development of the BlockDAG Project
BlockDAG has completed its final presale round with over $265 million raised. More than 21 billion BDAG coins have been sold in the process. Despite the high current price, the presale offers the last chance to buy at $0.0020 until the scheduled launch on June 13. Interest in the project is increasing as this event approaches, drawing heightened attention from market participants.
Amid the current fluctuations of Binance Coin and the potential growth of BONK, the BlockDAG project is gaining significant traction. Traders' focus is on upcoming events and possible market changes.
