Cryptocurrencies Price Prediction: BNB, Bitcoin & PUMP – Asian Wrap 05 August
BNB Price Forecast: Tests $602 resistance as bullish momentum builds
BNB (BNB), formerly known as Binance Coin, extends its gains, trading above $598 on Wednesday and approaching the key resistance zone. A decisive close above this barrier could strengthen the bullish outlook. Meanwhile, the derivatives data and momentum indicators also support further upside for BNB.
Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – BTC eyes breakout, ETH consolidates, XRP finds stability
Bitcoin price trades at $64,419 on Wednesday, approaching the key resistance level at the 50-day Exponential Moving Average (EMA) at $64,654, where a close above this level suggests further gains. However, BTC configuration suggests the broader trend remains under pressure as it holds below the 100-day and 200-day EMAs, at $67,080 and $72,650, respectively.
Crypto Overview: Bitcoin steadies above $64,000 – PUMP, ZEC sustain gains
PUMP holds steady on Wednesday, following a 13% jump the previous day. The launchpad token trades above the 200-day EMA at $0.002153, while the 50- and 100-day EMAs signal a bullish crossover, indicating a bullish bias in the near term. The RSI hovers in overbought territory near 71, hinting that upside momentum is strong but also vulnerable to a pause or minor shakeout if buyers hesitate at this trend barrier.
Author
FXStreet Team
FXStreet
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.
