After more than six weeks of sideways trading, cryptocurrency analysts and investors are keenly observing the movements in the crypto market. One token of special interest from holders is Binance Coin (BNB), especially after the United States Securities and Exchange Commission (SEC) called it a security. 

On the other hand, Tradecurve has been showing signs of a potential price increase in the coming months. In this article, we will discuss the potential directions for Tradecurve and Binance Coin (BNB) in June.

Summary

US SEC Tags Binance Coin (BNB) security in a new lawsuit.

Binance Coin (BNB) drops 70% in the past 24 hours.

Experts believe Tradecurve (TCRV) is a potential blue-chip cryptocurrency project.

The U.S. SEC Tags Binance Coin (BNB) And Other Tokens Securities

On June 5th, a significant development unfolded in the crypto world as the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance, its CEO Changpeng Zhao, and Binance U.S. The SEC accused the exchange of misusing users’ funds and identified 12 tokens, including Binance Coin (BNB), as securities. This announcement negatively affected the crypto market as the prices of Binance Coin (BNB), Bitcoin, and Solana plunged.

Following the lawsuit filed by the U.S. SEC, the price of Binance Coin (BNB) breached the 50-Day Simple Moving Average, raising concerns among investors. Notably, both the MACD Indicator and the Relative Strength Index (RSI) are exhibiting strong bearish signals, adding to the likelihood of an imminent downward movement.

At the time of this writing, Binance Coin (BNB) trades at $274.3 and would potentially need to retest the support at $264 before it could form a bullish reversal pattern. As market sentiments get better, especially after Binance announced that it would fight the SEC, bulls could gather momentum to retest the resistance level ahead at $300. If BNB breaches this level, the mid-term resistance to look out for would be $335, then $370.

Tradecurve (TCRV) Price Could Increase Further

The bearish sentiment of the broader crypto market is yet to affect Tradecurve, a new project building popularity and adoption within the decentralized finance (DeFi) space, thanks to the numerous utilities and huge prospects of its native token, TCRV. During the six-week sideways trading of the crypto market, the price of TCRV managed to increase by as much as 50% piquing the interest of investors.

Investors are now amassing large units of the token in the ongoing token presale in anticipation of a price surge. Market analysts have predicted that the price of TCRV could increase even further as its hybrid platform which will enable users to trade a wide array of assets, including cryptocurrencies, ETFs, forex, CFDs, bonds, and options, gains more traders. 

What distinguishes Tradecurve from centralized exchanges like Binance and Huobi is its emphasis on convenience, decentralization, security, and anonymous trading, as it grants users full control over their digital assets and the management of their private keys, doesn’t restrict users with KYC requirements, and implements an industry-leading proof-of-reserve (PoR) infrastructure. 

While in the third stage of its presale, investors can buy the TCRV token at $0.015 per token, presenting an enticing opportunity for investors to join the community at an early stage.

If you are interested in the Tradecurve (TCRV) presale check the links below for more information:

Website: https://tradecurve.io/
Buy presale: https://app.tradecurve.io/sign-up
Twitter: https://twitter.com/Tradecurveapp
Telegram: https://t.me/tradecurve_official

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Filed under: Bitcoin - @ June 8, 2023 12:30 pm