Previous article Price analysis: Tron, Bitcoin SV and Binance Coin Next article Worlds First Bitcoin ICO Presale Ends 15th March Buy Now Buy Now Worlds First Bitcoin ICO Presale Ends 15th March Buy Now Buy Now Home Latest Cryptocurrency News Price analysis: Tron, Bitcoin SV and Binance Coin Price analysis: Tron, Bitcoin SV and Binance Coin By - min read Updated 31 July 2020 BSV/USD, BNB/USD and TRX/USD have recently experienced significant pullbacks after dipping to weekly lows Most altcoins are trading lower today as Bitcoin breaks below $9,400 despite huge interest from retail investors and accumulation by whales in the macro sense. BSV/USD Bitcoin SV climbed from lows of $169 to intraday highs of $175 yesterday. However, bulls failed to keep the uptrend and settled on $172 at the close. With 1.69% in reported losses on the day, the movement suggests a lack of buyer appetite. On weekly charts, BSV/USD has stayed below the 20-day EMA and the RSI is also pointing south, keeping sentiment in bear territory. BSV/USD daily chart. Source: Tradingview Bulls need to prevent a break of the immediate support zone at $170–$165 to stem an extended downtrend. A drop beyond this level opens up $146 and below that, prices could test lows of $120. Conversely, if prices cross above the moving average and push beyond the 20-day EMA, then a run to the highs of $200 is likely. BNB/USD Binance Coin (BNB) price dipped to lows of $15 earlier in the week before bulls staged a comeback to push the it to highs of $18. However, Binance Coin ran into strong resistance at $18, with sellers rejecting the challenge to push prices back to lows of $16. Presently, the BNB/USD pair is trading at $16.05 below the MA cross at $16.33 and $17.09. Prices are also cutting below the 20-day EMA that is providing the first major hurdle of the upside. Prices need to break above this level to check another rejection that might provide a springboard for sellers to look at a run for new lows. A bounce would be helped by major support at the foot of the moving averages, so if bulls invalidate the current downtrend, demand at the dip could allow for a retest of higher levels. BNB/USD price daily chart. Source: TradingView RSI is negative, suggesting a likely breakdown to the lows of $15.72 hit on June 15 at the beginning of the week. TRX/USD On June 8, Tron’s price hit a monthly high of $0.0185. A downtrend that has coincided with a dip in altcoins has seen a drop to lows of $0.0152, last seen on May 30. After rallying to highs of $0.0170 on June 17, the past 24 hours have seen its value against the US dollar slip 1.4%. TRX/USD price has thus broken past two key support zones at $0.0165 and $0.0170. It’s also trading near the bottom of the 23.6% Fibonacci retracement level formed at $0.0185 highs and $0.0150 lows on the downward channel. TRX/USD price daily chart. Source: TradingView On the technical side, the MACD on the 4-hour chart indicates a bearish outlook is forming. The RSI is also in negative territory. Key support zones are at $0.0155 and $0.0150, while any upside might be capped at $0.0168 and $0.0170 short term. Share this article Categories Analysis Tags Binance Coin News Bitcoin SV News TRON News