But today a significant rise in bearish momentum was observed, as the price lowered to $213.5 low. The past week proved quite favorable with respect to cryptocurrency’s progress as an upward sweep overpowered the market. The one-day and four-hour Binance Coin price analysis for 03 October 2023 is predicting a strong bearish trend for the day. Coin value has reached $213.5 low today.Binance Coin price analysis shows a downturn.Binance Coin Price Analysis: Binance value plunges to $213.5 extreme after persistent downtrnd It has a circulating supply of 153,846,179 BNB coins and the max. The current CoinMarketCap ranking is #4, with a live market cap of $32,801,493,801 USD. The current Binance coin price is $213.19 with a 24-hour trading volume of $357,011,029. What does the future hold for Binance Coin? How much is BNB worth? BNB prices have dropped by 14.11% since touching $248.9 in August 2023. BNB Price Prediction 2032 – up to $11,091.37īinance coin and the entire crypto market have seen little gains in the past few days, as prices have been consolidating in tight regions.BNB Price Prediction 2023 – up to $307.41.States Over Technical Failures, Investor HarmU.S. Market outperformers include ENJ, INJ, and UTK, up by 13%, 10%, and 8%, respectively.Top stories of the day:Robinhood Faces $10.2M Penalty From Multiple U.S. As of 09:30 AM (UTC) today, BTC is trading at $27,853, down by -0.61%.Most major cryptocurrencies by market cap are trading mixed. The global cryptocurrency market cap now stands at $1.17T, down by -0.86% over the last day, according to CoinMarketCap data.Bitcoin (BTC) has been trading between $27,720 and $28,194 over the past 24 hours. The content provided should not be considered investment advice. Recommended For YouHottest Coins Based on Community Votes RevealedDisclaimer: The views expressed in this article are for informational purposes only and do not necessarily reflect the opinions of TheNewsCrypto. On the other hand, the parabolic SAR hovering below the current price action also points to its bearish state. Despite this, INJ is under the spell of the bears.Injective Token Price Chart (Source: TradingView )According to the above chart, the negative MA crossover - the 8-day moving average overtaking 5-day moving average - confirms the ongoing bearish trend. INJ jumped from $1.27 at the start of 2023 to $9.8 in April and currently hovering between $7.5 and $8. Once the proposal is approved, the migration is likely to occur on June 1 at 14:00 UTC.Injective Still in Bearish ZoneInjective (INJ) has been one of the top cryptocurrencies that hold maximum year-to-date (YTD) gains - 484%. To note, the Avalon upgrade will facilitate the revamp of the Injective Chain - from v1.10 to v1.11. L1 scalability optimizations Sub-Second Block Times PoS delegation revamp- 28, 2023 The Avalon Mainnet Upgrade has been initiated to bring you the most powerful version of Injective to date.The gov proposal is active and the upgrade scheduled to occur later this week. Currently, it stands as a proposal with 99.74% approval. Furthermore, this Cosmos IBC-enabled blockchain has lined up a protocol upgrade, Avalon, for this week. Just before the notable spike, the project initiated a weekly burn of 5,689,124 INJ. On May 27, daily trading volume was at $2,520,236 and it rose to $15,342,611 on May 29 after surging by 508%.In spot markets, INJ volumes observed a 671% surge - from $528K to $4.07M - and in derivatives markets, a 465% surge - from $1.9M to $11.2M. In the past 3 days, Injective trading recorded astounding surges in volumes. Significantly, INJ’s 24-hour price surge on Monday bolstered its spot on the top gainers’ charts.Remarkably, the trading volumes of INJ highlight a positive landscape. INJ’s trading volume spiked 508% from $2.5M to $15.3M in 3 days.Injective’s new protocol upgrade - Avalon - is expected to commence on June 1.Cryptocurrency Injective (INJ) shoots up to the top, capturing investors’ attention with its three consecutive daily green candles laid this week.
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