Binance Coin fell to $ 38.46 as a result of a break above $ 41.78. REP moves between $ 21.73 and $ 20.6, but a change in momentum to the bearish side could lead to testing the support level.
Binance Coin (BNB) price analysis
Since it hit record highs, the selling pressure of Binance Coin has lowered the price and dipped below several support levels. Market buyers reduced their losses from $ 38.46 and sought to target the $ 41.78 resistance level as momentum changed hands. A break above the currently resistance level could be a bullish confirmation for the price and resistance at $ 42.94 could be targeted by the bulls.
The indicators are also supporting buyers, as the MACD’s bullish trend indicates that BNB is ready to rise in the short term.
This increase could be supported by a healthy number of buyers in the market, as the On Balance Volume has risen to over 121 million.
Augur (REP) price analysis
After capturing a local high at $ 31, Augur fell sharply towards the $ 20.6 support as the bears took control of the price. The bulls of the market managed to ease the losses and once again tried to raise the price in the charts. At the time of this writing, REP is trading between a thin channel of $ 21.73 and $ 20.6 and is waiting for more cues from the market for a definitive move.
The Awesome Oscillator has shown that the action moves back and forth between both sides over the past few sessions. The momentum seemed to be shifting towards the bears once again as AO is currently registering a single bearish point. In such a scenario, the support level may not be able to keep the price stable for the next few sessions.
Finally, the Chaikin Money Flow went below zero to highlight the lack of capital inflows for REP.