Bitcoin BSC: Limited Supply and Staking Rewards
When it comes to BTCBSC’s presale, you have the opportunity to purchase a limited supply of 6,125,000 tokens. The remaining 14,455,000 tokens are reserved for staking rewards. This presale has a soft cap of $3.96 million. Once the presale concludes, Bitcoin BSC plans to make the token available on a decentralized exchange that operates on the BNB Smart Chain. If you want more information, you can review the Bitcoin BSC whitepaper and stay updated through their Twitter and Telegram accounts.
Don’t Miss Out on Bitcoin BSC
Render (RNDR): Reclaiming Support Levels Amidst Bearish Trend
As a crypto reader, you should know that Render (RNDR) is currently dealing with a bearish phase that has influenced its price action for the past 108 days. Despite reaching a year-to-date high of $2.950 on May 21, this cryptocurrency has been on a steady decline. The bearish trend is further confirmed by the alignment of its short-term and long-term EMAs. Currently priced at $1.388, RNDR finds itself at a crucial juncture. It must maintain support levels at $1.331 to $1.399 and the Fib 0.786 level of $1.333 to avoid further downward movement.
Keep an eye on the 20-day EMA at $1.430, as breaching this key indicator could indicate a potential price reversal. A successful breach would signal the first bullish trend in over 3 months. Although RNDR’s RSI has seen a slight increase from 34.82 to 40.18 in just a day, it remains below 50, indicating that the bears still have control. Additionally, the MACD histogram has shown a minimal increase, moving from 0.005 to 0.008. Traders should watch for a potential cross above the zero line on the MACD, which would signify a shift to bullish momentum.
Looking ahead, RNDR faces immediate resistance at $1.430, parallel to the 20-day EMA, followed by the 50-day EMA at $1.580. Overcoming these resistance levels would strongly indicate a shift in the ongoing bearish trend. Considering the prevailing bearish trend, it is essential for investors to exercise caution with RNDR. The next few trading days will be critical as RNDR aims to reclaim the 20-day EMA and resist falling below immediate support levels.
Hot Take
Bitcoin BSC’s presale offers limited tokens for purchase, while Render (RNDR) strives to reclaim support levels amidst a bearish trend. As a crypto reader, it’s important to stay informed and make informed decisions based on thorough analysis and understanding of the market.
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