Binance Coin is trading on a restricted channel and is waiting for market cues for a breakout. ZEC, on the other hand, has approached the 200-SMA and a fall below this level may confirm the bear market trend.



Binance Coin (BNB) price analysis

Binance Coin is trading at $ 41, up 0.6% and has shown little volatility in the past 24 hours. BNB has seen some consolidation in the past few trading sessions and the price has moved between a stable channel of $ 41.9 and $ 40.5. The price can continue to move within the channel in question, and any breakout in either direction will depend on other cues from market leaders Bitcoin and Ethereum.

The Awesome Oscillator suggested that momentum is bullish neutral.

Although the Relative Strength Index was pointing down, it remained in neutral territory and did not show strong movement in either direction.

Zcash (ZEC) price analysis

Zcash had a tough week as the price dropped below several support levels. ZEC is one of the biggest weekly losers among the top 50 cryptocurrencies in the market, with a loss of over 16% in seven days. In the charts, the price moves towards the 200-SMA (green), a level that is expected to support the price in the event of a long drop. A drop below the 200-SMA could offer some strong sell signals and confirm the bearish cycle over the past two weeks.

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Bollinger Bands saw low volatility in prices as the bands were tightened. Candles may continue to move between the Signal line and the lower band in a bearish scenario.

Meanwhile, the dotted signs of the Parabolic SAR are above the candlesticks and highlighted the short-term drop in the past few days.


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