Almost every coin in the crypto market was finally getting back on its feet after yesterday’s crypto carnage. Binance coin [BNB] and Dogecoin [DOGE] undoubtedly were leading this resurrection.
From a high of $342, BNB slumped down to a low of $190. But the asset quickly sprung up to $280.09. The coin over the last seven days had garnered an increase of 78.18%. At the time of writing, BNB was trading for $240.78 with a 9.81% rise in the last 24-hours. BNB had momentarily slipped down the crypto ladder onto the fourth position. However, the altcoin found its way back into the third position with its market cap reaching $38.98 billion.
Binance coin [BNB] one-day price chart
The one-day price chart of Changpeng Zhao’s coin was exerting a bullish inclination. The Chaikin Money Flow [CMF] had been residing above zero, almost since mid-November. The CMF marker continues to do so further announcing the presence of bulls in the BNB market. The Parabolic SAR indicator formed a long line below the candlesticks. This line postured as a barrier against the bears.
The Money Flow Index [MFI] was being overbought despite the recent crash that it endured. The MFI marker during press time was on the buyers’ side.
Dogecoin [DOGE] one-day price chart
Dogecoin pointed out that it was no joke despite being born out of a meme. The asset over the last year had witnessed a surge of over 2060%. The altcoin took over prominent cryptocurrencies like TRX and XMR as it emerged as the fifteenth largest cryptocurrency, with its market cap at $7.61 billion. At press time, DOGE was trading for $0.057 with a 19% surge in the last 24-hours.
The Bollinger Bands indicator, used in the one-day price chart of DOGE was seen apart but the disparity between the two wasn’t a lot.
The MACD indicator was undergoing a bearish crossover. The asset was in this crossover since last month. Despite this, the altcoin surged for a while.
The Relative Strength Index indicator was revealing a neutral notion with no major buying or selling activity on the cryptocurrency exchange Binance.
This chart implied that DOGE could find it difficult navigating the way to $1.
