|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Biaoqing (BIAO) Price Prediction 2024: Will BIAO Recover After 36% Drop?
Jun 14, 2024 at 05:28 pm
The Biaoqing price continues to drop, wiping out all the ground gained between June 8 and 12. It is recording lower highs amid an ongoing sell-off.
The price of Biaoqing (BIAO) dropped sharply on Monday morning as the sell-off in the token accelerated. BIAO price is now trading at $0.01357, which is 36% lower than where it was yesterday.
What happened? The cryptocurrency enjoyed a strong rally last week, rising from a low of $0.007 on Friday to highs of $0.025 on Sunday. However, the gains were short-lived as the price quickly reversed course and started falling.
The sell-off in Biaoqing comes amid a broader sell-off in the cryptocurrency market. Most major coins declined on Monday, led by Litecoin, which fell by more than 10%. Bitcoin price also declined and is now trading at $31,500.
Is now the time to buy Biaoqing? The four-hour chart shows that the BIAO price has been in a strong downtrend in the past few days. The Relative Strength Index (RSI) has dropped to the oversold level of 30, while the Moving Average Convergence Divergence (MACD) has fallen below the neutral line.
This price action shows that the momentum for the token is to the downside. However, there is a possibility that the price will stage a rebound in the coming hours. If this happens, the next key resistance level to watch will be at $0.016.
On the other hand, a close below the immediate support at $0.01338 will invalidate the bullish outlook. The Parabolic Stop and Reverse (SAR) is also trailing the Biaoqing price from above, offering resistance at $0.02589. As long as this price-tracking indicator follows the asset from above, the outlook will remain bearish.
Where else can I buy Biaoqing?
eToro – Best Platform to Buy Biaoqing
Binance – Best Cryptocurrency Exchange Overall
Crypto.com – Best Variety of Crypto Assets Available
Quickly compare all the top crypto exchanges where you can buy Biaoqing (BIAO) in the table below.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- HBAR Foundation Calls for Renaissance, Marking October 3, 2024 on the Calendar
- Sep 24, 2024 at 06:35 am
- A 28-second clip, titled ‘Renaissance,’ suggested the community mark their calendars for October 3, 2024. Originally posted by Axelar Network
-
- Shiba Inu (SHIB) Whale Scores a New $1.07M Profit Via SHIB Rival Meme Coin Neiro (NEIRO)
- Sep 24, 2024 at 06:25 am
- An early investor of Shiba Inu (SHIB), has scored a significant profit via a SHIB rival meme coin. This unrealized profit in just five days by capitalizing on
-
- BlockDAG Emerges as a Contender in the Cryptocurrency Sphere, Challenging Stellar (XLM) and Solana (SOL)
- Sep 24, 2024 at 06:25 am
- In the cryptocurrency sphere, there's always fresh news to discover. Today, we delve into recent developments among digital currencies that are capturing attention.
-
- BNY Mellon Secures SEC Approval for Bitcoin Custody and Institutional Crypto Services, Paving the Way for Widespread Adoption of Tokenization
- Sep 24, 2024 at 06:25 am
- In a groundbreaking development, BNY Mellon, the world's largest custodial bank, has secured approval from the U.S. Securities and Exchange Commission (SEC) to offer Bitcoin custody and institutional crypto services.
-
- BlockDAG, SUI, and Helium Make Waves in the Altcoin Market, Signaling Strong Movements
- Sep 24, 2024 at 06:25 am
- This week, the altcoin universe buzzed with significant news from BlockDAG, SUI, and Helium. SUI forecasts anticipate another surge after a robust 20% increase
-
- Solana (SOL) Inspires Confidence with a 12.9% Jump, While JetBolt (JBOLT) Shines as a Potential New Coin to Explode
- Sep 24, 2024 at 06:15 am
- With a sudden 12.9% jump, Solana (SOL) is inspiring a great deal of confidence among crypto investors. Not to be outdone, JetBolt (JBOLT), a new project that's still in its early phase continues to shine, even giving early cues that it may be the next coin to explode.
-
- South Korean Lawmakers Reveal Their Crypto Wallets Now Contain Only 'Crypto Debris' After Selling Most of Their Assets
- Sep 24, 2024 at 06:15 am
- This phenomenon adds to the complexity of the political situation in South Korea, where public trust in the integrity of state officials is being tested.
-
- SUI Blockchain (SUI), Solana (SOL), and DTX Exchange (DTX) Prepare for Massive Gains as Bulls Take Hold Following Fed Rate Cut Announcement
- Sep 24, 2024 at 06:15 am
- The Federal Reserve is lowering interest rates in the current bull run. This action is causing an impact on various financial markets. This step is leading to increased liquidity in the market, potentially boosting the value of cryptocurrencies as investors seek higher returns.
-
- Bitget Announces Multi-Million Dollar Partnership with Spanish Iconic Football League La Liga
- Sep 24, 2024 at 06:15 am
- The announcement was made at Singapore's 2049 Token event, making Bitget the official partner of the La Liga crypto.