After the increase in the Bitcoin market, many altcoins reflected the movement of BTC and reported gains. Binance Coin (BNB) is already bringing good returns to investors, but other crypto assets could not exit the boring market.
Binance Coin (BNB) price analysis
The chart above shows that the volatility in the BNB market is changing. At the moment, however, volatility has decreased as the Bollinger Bands get closer. Despite the decrease in volatility, a sudden correction from resistance at $ 46.69 caused the trend to shift and bearish.
Thus, the current price moves at $ 44.09 along the support and the 50 moving average supports it. The Relative Strength Index indicates that the digital asset is in balance but is now increasing in buyers.
Zcash (ZEC) price analysis
The Zcash price remained in a restrictive range of $ 98 and $ 105. The price has been moving on this channel for a few days, causing a decline in the market.
The 50 moving average acts as a resistance for the coin as the value traded at $ 102. Despite the consolidation, buying and selling in the market went hand in hand while the RSI remained in balance.
However, the market has lost momentum and this could bring the price down to the $ 98 support.