Binance Coin, Cosmos, Stacks Value Evaluation: April eighth

Binance Coin could be temporarily turned down in a supply region in the coming hours, and Cosmos climbed back above an important level at $ 19.8. After all, Stacks has tracked a good chunk of its recent gains.

Binance coin [BNB]

Source: BNB / USDT on TradingView

The Ingenious oscillator has made a series of lower highs in the past few days as the price made higher highs and rose towards $ 420. This movement was followed by a correction across the market and the BNB also fell to retest the $ 355 level for support before bouncing back to and bypassing $ 386.

However, the move past $ 386 lacked trading volume. The supply region of $ 400 to $ 415 might not move for a few more days, and a return visit to $ 370 to $ 385 would be a buying opportunity. However, if Bitcoin sees another sell-off and falls below $ 56,000, the BNB could drop to $ 350.

cosmos [ATOM]

Source: ATOM / USD on TradingView

Last month, ATOM found strong support at $ 18 and higher demand at $ 16.2. The OBV told a story of the steady demand for ATOM over the past few weeks. The noticeable upward trend of the OBV indicated that the purchase volume was consistently higher than the sales volume. In the last correction, the OBV and the RSI also slipped below 50.

However, the price rose above the $ 19.8 level and could test it again for support in the coming hours. The next levels of resistance are at $ 21.34 and $ 23.38.

stack [STX]

Source: STX / USDT on TradingView

Using the Fibonacci retracement tool on the recent surge in STX, some levels of prominence were highlighted. The price found support at a 61.8% retracement level at $ 1.57, whereupon it soon surged back above the 50% retracement level. The MACD was on the verge of climbing above zero, but trading volume had declined.

In February, the STX rose from $ 0.44 to $ 1.12 in early March and spent most of the month consolidating between $ 1.12 and $ 1.34. A similar consolidation for STX could have an impact in the coming weeks.

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