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The post Toncoin (TON) Price Spikes to $6.40 After Pantera Capital’s Big Investment appeared first on Coinpedia Fintech News Toncoin (TON) today demonstrated bullish momentum following Pantera Capital’s investment. The TON token shot up to $6.40 on Friday morning, marking its highest price since April 19th. This surge represents a huge jump of nearly 405% from its lowest point on May 1st and a whopping 535% increase from its lowest level in 2023. With …
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As the hunt for top altcoins to buy in 2024 continues, three cryptocurrencies stand out as leading contenders for massive profit. Arweave (AR), Cosmos (ATOM), and ETFSwap (ETFS) each bring unique value to investors on top of their innovative and transformative trajectory in the landscape, making them the top choices for investment. Continue Reading: Arweave (AR), Cosmos (ATOM), And ETFSwap (ETFS) Are The Top Altcoins For 2024
Hong Kong's spot Bitcoin ETFs saw significant withdrawals on May 9. Similar trends in withdrawals were observed in US Bitcoin ETFs. Continue Reading: Investor Withdrawals Impact Hong Kong and US Bitcoin ETFs
Jack Dorsey expects a significant surge in Bitcoin's price. He predicts Bitcoin will hit at least $1 million by 2030. Continue Reading: Jack Dorsey Predicts Bitcoin to Reach At Least $1 Million by 2030
BNB price is attempting a fresh increase from the $540 zone. The price must settle above the $600 resistance to gain bullish momentum. BNB price started a fresh increase after it cleared the $565 resistance zone. The price is now trading above $580 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $592 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair could gain bullish momentum if it clears the $602-$610 resistance zone. BNB Price Holds Support After forming a base above the $535 level, BNB price started a fresh increase. There was a steady increase above the $565 and $575 resistance levels, like Ethereum and Bitcoin. The bulls pushed the price above the $580 pivot level and the 61.8% Fib retracement level of the downward move from the $618 swing high to the $5382 low. It is now trading above $590 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $592 on the 4-hour chart of the BNB/USD pair. The pair seems to be consolidating near the 76.4% Fib retracement level of the downward move from the $618 swing high to the $5382 low. Immediate resistance is near the $602 level. The next resistance sits near the $618 level. A clear move above the $618 zone could send the price further higher. Source: BNBUSD on TradingView.com In the stated case, BNB price could test $635. A close above the $635 resistance might set the pace for a larger increase toward the $650 resistance. Any more gains might call for a test of the $680 level in the coming days. Are Dips Supported? If BNB fails to clear the $602 resistance, it could start a downside correction. Initial support on the downside is near the $592 level and the trend line. The next major support is near the $578 level. The main support sits at $555. If there is a downside break below the $555 support, the price could drop toward the $530 support. Any more losses could initiate a larger decline toward the $520 level. Technical Indicators 4-Hours MACD – The MACD for BNB/USD is gaining pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $592, $578, and $555. Major Resistance Levels – $602, $618, and $650.