{"id":211908,"date":"2022-01-10T19:00:01","date_gmt":"2022-01-10T13:30:01","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=211908"},"modified":"2022-01-10T14:06:18","modified_gmt":"2022-01-10T08:36:18","slug":"binance-coin-matic-tron-price-analysis-10-january","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/binance-coin-matic-tron-price-analysis-10-january\/","title":{"rendered":"Binance Coin, MATIC, Tron Price Analysis: 10 January"},"content":{"rendered":"

As Bitcoin and Ethereum lost their long-term supports, Binance Coin and Tron poked their multi-month lows on 8 January. Now, the 20-EMA stood as powerful resistance for them. Moreover, MATIC lost the critical 61.8% Fibonacci support level.<\/span><\/p>\n

Binance Coin (BNB)<\/span><\/strong><\/p>\n

\"\"<\/a>
Source: TradingView, BNB\/USDT<\/figcaption><\/figure>\n

Since 26 November, BNB tested the $512-level support multiple times while marking lower peaks. Thus, it saw a descending triangle (yellow) on its 4-hour chart, visibly depicting the increased selling pressure.\u00a0<\/span><\/p>\n

The aforestated level offered the highest trading volumes in the past four months. But the 5 January sell-off braced BNB’s already existent bearish vigor as the alt saw a patterned breakdown.<\/span><\/p>\n

With an over 18% loss of its value (from 5 January), the altcoin poked its three-month low on 8 January. As a result, the gap between the<\/span>\u00a0<\/span><\/strong>EMA ribbons increased while the 20 EMA stood as an immediate hurdle for BNB bulls.<\/span><\/p>\n

At press time, the alt traded at $442.8. The RSI<\/span>\u00a0<\/span><\/strong>saw a surge after a bullish divergence with the price action. Consequently, BNB broke out of the down-channel (white). Now, the Squeeze Momentum Indicator<\/span>\u00a0<\/span><\/strong>flashed black dots, hinting at a low volatility phase.<\/span><\/p>\n

Polygon (MATIC)<\/span><\/strong><\/p>\n

\"\"<\/a>
Source: TradingView, MATIC\/USDT<\/figcaption><\/figure>\n

The alt registered a nearly 70% ROI (from 14 December low) and rallied toward its ATH on 27 December.<\/span><\/p>\n

Since then, it tested the 38.2% Fibonacci support multiple times while the bears kept increasing the selling pressure. After a nearly 23% retracement (from 5 January), MATIC poked its three-week low on 8 January. As a result, it lost the vital 61.8% while reclaiming the 78.6% Fibonacci support.<\/span><\/p>\n

At press time, MATIC traded 27% below its ATH at $2.138. Since 28 December, the RSI failed to mark a convincingly close above the half-line. Although it saw a bullish divergence with the price, it struggled to cross the midline. <\/span><\/p>\n

Further, the Awesome Oscillator was below the equilibrium but depicted increasing buying pressure by marking higher troughs.<\/span><\/p>\n

Tron (TRX)<\/span><\/strong><\/p>\n

\"\"<\/a>
Source: TradingView, TRX\/USDT<\/figcaption><\/figure>\n

Tron has been on a persistent downtrend after it poked its six-month high on 15 November. Since then, the alt marked a bearish flag and three down-channels on its 4-hour chart. Consequently, it lost nearly 50.27% of its value to date.<\/span><\/p>\n

While the price oscillated sideways in the previous demand zone (now supply zone, yellow rectangle), the buyers failed to step in as TRX withdrew by nearly 17% (from 5 January). As a result, the altcoin poked its five-month low on 8 January. The gap between the<\/span>\u00a0<\/span><\/strong>EMA ribbons increased while the 20 EMA stood as a testing point for the bulls now.<\/span><\/p>\n

At press time, TRX traded at $0.0666. While the $0.064-support stood strong, the RSI rose from the oversold territory after testing it thrice in four days. Although the MACD lines were below the equilibrium, they depicted increasing buying power.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

As Bitcoin and Ethereum lost their long-term supports, Binance Coin and Tron poked their multi-month lows on 8 January. Now, the 20-EMA stood as powerful resistance for them. Moreover, MATIC lost the critical 61.8% Fibonacci support level. Binance Coin (BNB) Since 26 November, BNB tested the $512-level support multiple times while marking lower peaks. Thus,Continue reading “Binance Coin, MATIC, Tron Price Analysis: 10 January”<\/span><\/a><\/p>\n","protected":false},"author":55,"featured_media":211915,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,18,66,3,4,20],"tags":[1266],"class_list":["post-211908","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-hide-cryptopanic","category-new-news","category-news","category-social","category-trading-view","tag-matic"],"acf":[],"yoast_head":"\nBinance Coin, MATIC, Tron Price Analysis: 10 January - AMBCrypto<\/title>\n<meta name=\"description\" content=\"As Bitcoin and Ethereum lost their long-term supports, Binance Coin and Tron poked their multi-month lows on 8 January. 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