NEO [NEO], DASH [DASH], Binance Coin [BNB] fight a bear trend; Technical analyses and latest updates
NEO, DASH, and BNB battles a bearish trend. Coins are trying to fend off the seller pressure to resume a stable trend and reach key resistance levels.
After continuously struggling with a tough bear market in the beginning if the week NEO resumed an uptrend, however, it was short lived. After breaking out of two key support levels NEO started trading again in the bearish trendline. The 100 EMA line is trading at $27.495 is recording a downtrend. The key resistance level at $35 and the coin is currently trading at $26.35 and is rising against USD by 0.72%. MACD signifies a bullish momentum.
NEO Latest Updates
- NEO, is collaborating with the verification platform CertiK to step up the security of its smart contracts. The partnership announcement that came on Wednesday aims at enhancing the protective measures and verification norms of NEO’ssmart contracts. The primary motive behind this new partnership is making its blockchain platform based dApps and smart contracts free from bugs. The new association is also focused on curbing the instances of hacking.
DASH is currently trading at $200.78 and is gaining against USD by 1.2%. DASH prices are currently on a gradual uptrend. The MACD registers a bear market and the 100 EMA line is exhibiting a downtrend. The resistance level is set at $210.720. The significant trading range for today can be found from $199.45 to $202.90.
DASH Latest Updates
- Dash CEO Ryan Taylor, in an interview with Profit & Loss, explained why Dash, stands out in the cryptocurrency market. He said it has a long history of innovation and one that shaped the industry is the masternodes. “We were also the first with instant transactions and the first to market with a privacy feature. Additionally, we introduced as part of the protocol governance, explicit governance on the basis of voting – not on the basis of someone’s hash rate – from people who are staked in the coin,” Taylor told P&L.
- 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.
Mounting seller pressure is causing a slump in BNB prices. BNB trying to edge over the bullish coming from a strong bear market. The support level set at $13.413 hasn’t experienced a breakout yet. The prices are on a stable trend. The coin is currently trading at $13.623 and is dipping against USD by 0.071%. The prices are trying to edge over the EMA line to resume a stable trend.
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.Image via ShutterstockJoin our telegram group