BNB and TON Prediction for September 2

09/02/2024 23:05
BNB and TON Prediction for September 2

Can rate of Toncoin (TON) follow rise of Binance Coin (BNB)?

Original U.Today article

BNB and TON Prediction for September 2

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The new week and new month have started negatively for most of the coins, according to CoinStats.

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Top coins by CoinMarketCap

BNB/USD

Binance Coin (BNB) is the exception to the rule, rising by 0.4% over the last day.

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Image by TradingView

On the daily chart, the rate of BNB has once again bounced off the vital area of $500. However, it is in the middle of a wide channel, between the support of $454.80 and the resistance of $603. 

Related

Bitcoin (BTC) Prediction for September 1

As none of the sides is dominating, ongoing sideways trading in the zone of $520-$540 is the more likely scenario.

BNB is trading at $521.60 at press time.

TON/USD

The price of Toncoin (TON) has dropped by 1.73% since yesterday.

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Image by TradingView

From the technical point of view, one should pay attention to the area of $5. If it breaks out, the accumulated energy might be enough for an ongoing decline to the $4.721 level.

TON is trading at $5.149 at press time.

About the author

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Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].

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