Binance Coin continued its bullish trajectory in the short term and raised its highest level even higher. CRO, on the other hand, seems determined to upset the bear market with the price exceeding the 200-SMA.
Binance Coin (BNB) price analysis
An increase of over 23% in the last 24 hours has raised Binance Coin to an all-time high at the time of this writing. While the 24-hour trading volume increased to $ 2.74 billion, its market value reached $ 14.29 billion. BNB’s chain metrics support a long bullish result that will take the crypto to newer heights in the upcoming trading sessions.
The Awesome Oscillator and MACD are showing positive results for BNB as momentum looks strong on the buyer side. On the other hand, a sale at this price level could result in support at $ 74 and $ 70.
Crypto.com Coin (CRO) price analysis
CRO’s downtrend has become quite evident on the 4-hour chart after hitting a local high of $ 0.8 in late January. The price has formed lower peaks on the charts since the local peak, with gains over the past 30 days reaching 7%. While the loss might not seem too steep, it’s important to note that it happened at a time when altcoins hit record highs.
However, the recent rally could reverse the bearish market, especially after the price rose above the 200-SMA (green) in the last trading session.
The bullish trend in the MACD supported a positive outcome for the CRO over the next few sessions. The Relative Strength Index is not yet at the saturation point, and there certainly appears to be a long bull run between the possibilities. In such a case, the CRO could go above $ 0.075. If the opposite happens and the bullish momentum disappears, the $ 0.065 support could be tested once again.