BNB
BNB has been moving higher after hitting a one-year low last week, with today’s surge being driven by the latest U.S. consumer confidence report.
- BNB/USD hit a low of $217.05 and reached a peak of $233.06 today.
- This has resulted in BNB climbing to its highest point since August 16.
- The 14-day relative strength index (RSI) surpassed a key resistance level of 53.00, currently tracking at 54.13.
- Traders have been liquidating their positions in fear of a reversal close to the 55.00 ceiling.
Toncoin (TON)
Toncoin (TON) experienced significant gains on Tuesday, reaching its highest point in over two months.
- TON/USD hit an intraday high of $1.63, following a low of $1.49 on Monday.
- Toncoin is now at its strongest level since June 10, when it peaked at $1.68.
- The RSI crossed a resistance level of 66.00, currently tracking at 70.41.
- Due to overbought price strength, bears are likely waiting for an opportunity to reenter.
Hot Take
Both BNB and Toncoin have seen positive price movements recently, with BNB reaching its highest point since August and Toncoin experiencing its strongest level since June. However, traders should be cautious as BNB approaches the 55.00 ceiling and Toncoin faces potential bearish pressure due to overbought conditions. Keep an eye on these cryptocurrencies for further developments.
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