Crypto Price Today: Bitcoin nears $26,500; Ethereum slips below $1,850; Polygon & Solana rise up to 3%
Bitcoin posted some recovery and gained about a per cent to rise near the $26,500 mark, while Ethereum was also in green, but barely higher, to remain below the $1,850 mark once again.
- Jun 9, 2023,
- Updated Jun 9, 2023 1:56 PM IST
Bitcoin and other top crypto tokens were trading mixed on Friday, not moving much after lawsuits by the Securities and Exchange (SEC) against exchange giants Binance and Coinbase earlier this week. Also, ongoing concerns about inflation and central bank hawkishness weighed on the sentiments.
BNB is facing turbulence following SEC’s lawsuit. After attempting a breakout at $285 levels, it is now trading at $260 levels. There is a possibility that the price will drop even more to $250 levels in the next few days. If BNB manages to break the resistance level at $285 after retracements, it will be bullish for the short-term. With sufficient buying activity, a break above $300 will lead to a target of $340. BNB’s RSI is currently at 21.4, indicating that the asset is currently in an oversold range. If BNB is unable to break through the $285 barrier, $250 serves as an early support level, with strong support at $220. Major Levels: Support: $250, $220 Resistance: $285, $300, $340
(Views and recommendations given in this section are the analysts' own and do not represent those of Business Today. Please consult your financial adviser before taking any position in the asset/s mentioned.)
Bitcoin and other top crypto tokens were trading mixed on Friday, not moving much after lawsuits by the Securities and Exchange (SEC) against exchange giants Binance and Coinbase earlier this week. Also, ongoing concerns about inflation and central bank hawkishness weighed on the sentiments.
BNB is facing turbulence following SEC’s lawsuit. After attempting a breakout at $285 levels, it is now trading at $260 levels. There is a possibility that the price will drop even more to $250 levels in the next few days. If BNB manages to break the resistance level at $285 after retracements, it will be bullish for the short-term. With sufficient buying activity, a break above $300 will lead to a target of $340. BNB’s RSI is currently at 21.4, indicating that the asset is currently in an oversold range. If BNB is unable to break through the $285 barrier, $250 serves as an early support level, with strong support at $220. Major Levels: Support: $250, $220 Resistance: $285, $300, $340
(Views and recommendations given in this section are the analysts' own and do not represent those of Business Today. Please consult your financial adviser before taking any position in the asset/s mentioned.)