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Cryptocurrencies Price Prediction: Binance Coin, SafeMoon & Bitcoin— Asian Wrap 31 Aug

Cryptocurrencies Price Prediction: Binance Coin, SafeMoon & Bitcoin— Asian Wrap 31 Aug
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Binance Coin Price Prediction: BNB locks in on $600 as it bounces off crucial support level

Binance Coin price struggled with its uptrend as it encountered a massive resistance level. Failure to stay afloat dragged BNB lower, where it currently retests a support barrier. Investors can expect a comeback from the buyers, pushing the altcoin higher. If BNB breaches below the $434.1 demand barrier, it will invalidate the bullish outlook.

SafeMoon Price Prediction: SAFEMOON ponders 50% upswing

SafeMoon price is traversing a bullish pattern and shows signs of further gains in the near future. While an upswing seems likely, a spike in selling pressure that shatters immediate support levels will be fatal for SAFEMOON. SafeMoon price has been consolidating since May 26, setting up three lower highs and multiple lower lows.

Market Wrap: Bitcoin Consolidates as Altcoin season heats up

Bitcoin’s rally is taking a breather as altcoins outperform. Bitcoin (BTC, -3.69%) traded sideways on Monday and is holding support above the 200-day moving average of about $46,000. The cryptocurrency was changing hands at around $48,000 at press time and is roughly flat over the past 24 hours. Analysts expect bitcoin to remain rangebound heading into the end of the month as investors show a strong preference for altcoins.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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