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23.12 - 15:49
Binance Coin, VeChain, EOS Price Analysis: 15 December
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While Bitcoin entered the $45,000 zone on 13 December, the domino effect led Binance Coin and VeChain to breach their long-term resistance levels. Moreover, EOS still struggled to cross the 38.2% Fibonacci hurdle.
Binance Coin (BNB)
Source: TradingView, BNB/USDT
BNB formed a descending channel (white) after an up-channel breakdown on 9 December. As a result, the alt saw an 8.9% seven-day loss. With this downfall, the bears pushed the price below its immediate resistance at the $532-mark. The bears retested the above level for nearly 45 days until they finally sustained the price below that mark for over two days now.
Over the past two days, BNB bulls endeavored to test the $532-mark thrice but failed to surpass it. However, the selling
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