NEO, DASH, BNB dragged down by Bitcoin [BTC]; Technical analyses and Latest updates
NEO [NEO], DASH [DASH] and Binance coin [BNB] fall in tandem with the bearish crypto market. The three exhibited a steep decline and broke major support levels.
A recovering has been affected by a severe bear market. NEO is currently trading at $25.20 and is losing against USD by 3.59%. The prices were scaling above the 100 EMA line when the crypto market came crashing down. This brought the prices to trade in a bearish zone again and it seems like a long way away from recovery. The support level set at $25.84 has broken out and the prices have might trade below $25.
NEO Latest Updates
No further updates from NEO after the news about partnering with the verification platform, CertiK to step up the security of its smart contracts.
The prices which were exhibiting a stable trend crashed in tandem with the crypto market. The prices which were trying to edge over the 100 EMA line took a nosedive after the unexpected market crash. The support level traced at $200 exhibited a breakout and the coin started trading below $190. With the $265 handle, a long way off the prices would have to reach $210 for a price correction. The coin is currently trading at $187.95 and is dipping against USD by 11.08%.
DASH Latest Updates
- Dash and the Arizona State University BlockchainResearch Lab have come together under one roof to analyze the scaling solutions. The duo will be accessing the roadblocks and the potential opportunities that the solutions hold. Dash blockchain will be aided from the collaboration as they will be able to advance themselves accordingly.
BNB was on a stable downtrend before the crypto market crashed today. The crash pushed the coin to trade below $13.20. Compared to its intraday high set at $13.80 the coin has seen a loss of over 0.55% in the past one hour. The coin is currently trading at $13.096 and is losing against USD by 0.60%. The prices are eyeing a $14.5 handle however, the current seller storm makes the target improbable in the near future.
Binance Latest Updates
- Binance, on July 31, said it bought Trust Wallet – a digital Ethereum and ERC20 mobile wallet. This deal, which makes Trust Wallet the exchange’s official wallet, is Binance’sfirst ever acquisition. The wallet will benefit from Binance’s large user base and the much-awaited decentralized exchange that the platform will soon launch.
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