BNB and Monero face bearish pressure as investors hhift to Lunex Network presale
The post BNB and Monero face bearish pressure as investors hhift to Lunex Network presale appeared on BitcoinEthereumNews.com. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. BNB and Monero face bearish pressure as investors shift to Lunex Network’s presale, raising nearly $550,000 in under a week. BNB and Monero are both facing strong bearish pressure after their recent price declines. As BNB and XMR investors book profits. They are now turning towards Lunex Network’s viral presale that has already raised nearly $550,000 in less than a week of its launch. BNB short holders might book profits soon Although BNB failed to trigger a bullish breakout at the end of September, the token still recorded modest 8.67% gains over the last 30 days. As the broader crypto market heads into Q4’s bull market, BNB is expected to see more bullish momentum in the upcoming weeks. For now, BNB price is trading for $551.90 after an intra-day increase of 2.72%. Since BNB’s volume has decreased by 11.86% in the last 24 hours, investors appear to be holding their BNB tokens for now. However, according to Coinglass data, BNB’s long-to-short ratio is currently 0.97 which indicates bearish pressure. If BNB short holders start booking profits, BNB’s price could experience a significant downtrend in October. Monero faces bearish pressure after Kraken’s delisting Monero was recently delisted from the Kraken exchange in European countries due to new security regulations. As a consequence, Monero’s price immediately declined by more than 10%, pushing the token’s price below $150. Since Monero’s on-chain metrics are also hinting at bearish dominance, Monero’s price could experience more disruption in the upcoming weeks. Monero is currently trading for $145.48 after a 10.88% intra-week decrease. Although Monero’s community sentiment is still bullish, analysts expect to see a sell-off soon as Monero is flashing strong sell signals on the…
The post BNB and Monero face bearish pressure as investors hhift to Lunex Network presale appeared on BitcoinEthereumNews.com.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. BNB and Monero face bearish pressure as investors shift to Lunex Network’s presale, raising nearly $550,000 in under a week. BNB and Monero are both facing strong bearish pressure after their recent price declines. As BNB and XMR investors book profits. They are now turning towards Lunex Network’s viral presale that has already raised nearly $550,000 in less than a week of its launch. BNB short holders might book profits soon Although BNB failed to trigger a bullish breakout at the end of September, the token still recorded modest 8.67% gains over the last 30 days. As the broader crypto market heads into Q4’s bull market, BNB is expected to see more bullish momentum in the upcoming weeks. For now, BNB price is trading for $551.90 after an intra-day increase of 2.72%. Since BNB’s volume has decreased by 11.86% in the last 24 hours, investors appear to be holding their BNB tokens for now. However, according to Coinglass data, BNB’s long-to-short ratio is currently 0.97 which indicates bearish pressure. If BNB short holders start booking profits, BNB’s price could experience a significant downtrend in October. Monero faces bearish pressure after Kraken’s delisting Monero was recently delisted from the Kraken exchange in European countries due to new security regulations. As a consequence, Monero’s price immediately declined by more than 10%, pushing the token’s price below $150. Since Monero’s on-chain metrics are also hinting at bearish dominance, Monero’s price could experience more disruption in the upcoming weeks. Monero is currently trading for $145.48 after a 10.88% intra-week decrease. Although Monero’s community sentiment is still bullish, analysts expect to see a sell-off soon as Monero is flashing strong sell signals on the…
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