The post BNB and AVAX See Roadblock, While Crypto Whales Continue To Accumulate Rollblock appeared on BitcoinEthereumNews.com.

BNB and AVAX are two well-known cryptocurrencies that have serious barricades in their path. The recent market downturn is stalling the growth of these cryptos. In the middle of all this turmoil, a new player has come to prominence named Rollblock. As Crypto whales continue to move the market with enormous buy and sell orders, they’ve been secretly accumulating Rollblock through its presale, and here’s why. Investors Doubt A Price Rally in Binance Coin’s Future BNB is down over 10% in the last week alone. Since August 23, BNB has been trending and has taken a bearish bias. After touching $600 on August 23, the price of BNB suddenly dropped down to precarious levels. Technical indicators at the moment are suggesting losses for BNB later in September 2024. The weakening tendency of bullish momentum could see BNB plunging below its 30-day low. The Moving Average Convergence/Divergence of BNB is below both its signal line and the zero line. Whenever the line of MACD crosses below both the zero and signal lines, strong bearish market sentiment manifests. Without changes in market sentiment, BNB’s price is likely to decline further. Avalanche Sees Massive Slip in August 2024 AVAX’s monthly chart for August tumbled downwards by about 17 percent. For the technical indicators, AVAX is trading below its 50-, 100-, and 200-day EMAs. From a daily perspective, the charts of AVAX have really dismal prospects. RSI is in the lower neutral zone, while MACD gives sell signals for AVAX, thereby showing that this may not rebound anytime soon. However, despite this negative technical analysis outlook, AVAX might just catch a break this September. At press time, AVAX trading volume is up by close to 90%, at approximately $221,781,709. While that might indicate a bearish feeling towards the project, investors at the same time…

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Filed under: News - @ September 7, 2024 11:22 am