Cryptocurrencies Price Prediction: BNB, ImmutableX & Bitcoin — Asian Wrap 19 September
|BNB Price Forecast: BNB hits new all-time high at $1,006, bulls eye $1,200 next
BNB (BNB), formerly known as Binance Coin, steadies above $980 at the time of writing on Friday after notching a fresh all-time high (ATH) at $1,006. Strength across on-chain metrics and derivatives markets signals sustained bullish momentum, with BNB traders now eyeing the $1,200 milestone as the next major upside target.
Crypto Gainers: ImmutableX hits eight-month high, Near Protocol and Avalanche rally
IMX edges higher by 10% at press time on Friday, advancing the uptrend for the fourth consecutive day. The uptrend has surpassed the 50% retracement level of the range from the December 4 high at $2.250 to the June 22 low at $0.335, at $0.868. This breakout puts the 61.8% Fibonacci level as the immediate resistance at $1.087. If the IMX rally surpasses this level, it could extend to the 78.6% Fibonacci retracement level at $1.497.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP gear up for a fresh rally
Bitcoin price broke above the 50-day Exponential Moving Average (EMA) on September 10 and rallied 2.43% over the next six days, closing above the $116,000 resistance level on Tuesday. BTC faced a slight rejection on Wednesday, retested, and found support around $116,000, rallying slightly the next day. At the time of writing on Friday, it trades at around $117,000. If BTC continues its upward momentum, it could extend the rally toward the psychological level of $120,000.
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