Binance Coin, which fell from record price levels, entered a period of consolidation. DASH kept its upward trajectory due to strong buying pressure.
Binance Coin (BNB) price analysis
Bollinger Bands on the Binance Coin charts underlined that the high volatility period that resulted in the cryptocurrency gaining over 100% last week, finally ended as the bands converge. Currently, the market is in an equilibrium position as BNB price is trading around the midpoint of the immediate support and resistance levels.
While the bars of the histogram turn red, the Awesome Oscillator is next to the bears. As a result of the decline, BNB price risks falling below the $ 117.85 support. On the upside, BNB could move to an all-time high. Traders may be advised to hold their positions before a clear trend emerges.
Dash (DASH) price analysis
The increase in the On Balance Volume indicator can be one of the most accurate ways to evaluate the recent buying pressure on DASH. Looking at the 4-hour chart, the price moved above the $ 220 level, even though the Stochastic RSI was trading in the overbought zone.
With strong momentum on the buy side, the bullish cycle of DASH can span several more trading sessions before a final correction. The decline in trading volumes and purchasing activity represents the beginning of the downward trend.