Market Insight To Start Your Week: Gnox (GNOX), Litecoin (LTC) And Binance Coin (BNB)
After a dramatic decline in prices across a major section of the crypto market, things have turned green this week with over $130 billion added back to the total market capitalization. Bitcoin is leading the market with smart investors averaging their entries.
Let’s take an insight into the performance of some top cryptocurrencies on the radar.
Litecoin (LTC)
The 1-day price chart for Litecoin is signaling a bullish move that may sustain for some time. However, it may not be enough to go past the strong bearish momentum in the overall market. At the time of writing, the price is hovering around $56, having gained 18% over the past week. In order to surge upwards, it has to escape the falling wedding pattern daily. The lower support stands at $50, while the first level of strong resistance is roughly around $65.
Binance coin (BNB)
June was a disastrous month for BNB, as it plummeted below the $200 support level. A weekly close below that price would have invalidated the uptrend that started in March 2020. Luckily, it has recovered in the recent relief rally, which is likely to continue with further upside potential. The medium-term bullish bias stems from the overall market recovery. If the bulls fail to push the price past $267, we might see the sentiment turning bearish again.
Gnox (GNOX)
Unlike other cryptos, GNOX has been on an upward trajectory ever since the presale started. With a vision to transform the DeFi space, the project has been the talk of the town across several media outlets. What started at 0.01$ is now up by 60% due to a massive spike in the presale demand. The token is yet to experience the full force of market volatility, but the innovative tokenomic is a shield against the downside risk. As we head towards the contract launch, experts believe this token may rise significantly in value, owing to its strong fundamentals and future plans.
Join presale: https://presale.gnox.io/register
Website: https://Gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
The post Market Insight To Start Your Week: Gnox (GNOX), Litecoin (LTC) And Binance Coin (BNB) appeared first on .
After a dramatic decline in prices across a major section of the crypto market, things have turned green this week with over $130 billion added back to the total market capitalization. Bitcoin is leading the market with smart investors averaging their entries.
Let’s take an insight into the performance of some top cryptocurrencies on the radar.
Litecoin (LTC)
The 1-day price chart for Litecoin is signaling a bullish move that may sustain for some time. However, it may not be enough to go past the strong bearish momentum in the overall market. At the time of writing, the price is hovering around $56, having gained 18% over the past week. In order to surge upwards, it has to escape the falling wedding pattern daily. The lower support stands at $50, while the first level of strong resistance is roughly around $65.
Binance coin (BNB)
June was a disastrous month for BNB, as it plummeted below the $200 support level. A weekly close below that price would have invalidated the uptrend that started in March 2020. Luckily, it has recovered in the recent relief rally, which is likely to continue with further upside potential. The medium-term bullish bias stems from the overall market recovery. If the bulls fail to push the price past $267, we might see the sentiment turning bearish again.
Gnox (GNOX)
Unlike other cryptos, GNOX has been on an upward trajectory ever since the presale started. With a vision to transform the DeFi space, the project has been the talk of the town across several media outlets. What started at 0.01$ is now up by 60% due to a massive spike in the presale demand. The token is yet to experience the full force of market volatility, but the innovative tokenomic is a shield against the downside risk. As we head towards the contract launch, experts believe this token may rise significantly in value, owing to its strong fundamentals and future plans.
Join presale: https://presale.gnox.io/register
Website: https://Gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
The post Market Insight To Start Your Week: Gnox (GNOX), Litecoin (LTC) And Binance Coin (BNB) appeared first on .
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