Binance Coin, VeChain, EOS Price Analysis: 26 December
As Bitcoin navigates through the recovery phase by forming an up-channel, it saw a pullout over the last day. Thus, the overall sentiment stayed near the ‘fear’ zone.
Altcoins like Binance Coin, VeChain and EOS resonated with this pullback while showing revival signs.
TradingView, BNB/USDT
Ever since BNB poked its seven-month high on 7 November, the price action struggled to maintain its previous supports. While the alt halted its long-term uptrend, it upheld the crucial eight-week support at the $505-mark.
During the recent recovery phase, BNB formed an ascending channel (white)as the bulls breached a strong resistance point (previous) at the $532-level.
Presently, the price action saw resistance at the $550-mark as bulls endeavored to retest
Read more on ambcrypto.com
