加密货币交易所代币在市场下跌中出现修正，但仍保持弹性

在近期市场低迷的背景下，加密货币市场正处于调整阶段。减半事件发生后，比特币在前三个周期中经历了价值飙升。然而，随着比特币在 70,000 美元以下挣扎，与旨在将价格推低到 60,000 美元以下的卖家进行斗争，这个周期似乎不确定。比特币的疲软影响了山寨币，包括币安币 (BNB) 和 Kucoin 的 KCS 等交易所代币，过去一周分别下跌 5% 和 20%。本文深入研究了交易所代币的现状，分析了它们的表现并评估了持续调整对该行业的潜在影响。

Cryptocurrency Exchange Tokens Witness Correction amid Broader Market Weakness

在更广泛的市场疲软中，加密货币交易所代币出现回调

Binance Coin (BNB) Consolidates in Range

币安币（BNB）在区间内盘整

BNB has been hovering within a narrow range for over a month, fluctuating between $540 and $610. The token's latest resistance point sits just below its previous all-time high. Buyers have been defending the price at the level of the bullish institutional bias (9/18 EMA):

BNB一个多月以来一直在窄幅区间徘徊，在540美元至610美元之间波动。该代币的最新阻力点略低于之前的历史高点。买家一直在机构看涨偏见的水平上捍卫价格（9/18 EMA）：

(Image: Binance Coin (BNB) price against the US dollar (3D))

（图片：币安币（BNB）兑美元价格（3D））

If BTC stabilizes and holds above $60,000, BNB could capitalize on the momentum and resume its upward trend. To continue the bullish momentum, it must maintain its recent low of $496 and close above the previous peak of $645. Such a close could enable BNB to surpass its previous ATH.

如果 BTC 企稳并保持在 60,000 美元上方，BNB 可能会利用这一势头并恢复上涨趋势。为了继续看涨势头，它必须维持 496 美元的近期低点，并收于 645 美元的前高点之上。这样的收盘价可能会让 BNB 超越之前的 ATH。

Conversely, if the price falls below the 9 and 18 moving averages and loses support at $480, a pullback to $420 remains possible. As long as the price continues to form higher lows and highs, the probability favors a further increase.

相反，如果价格跌破9和18移动平均线并失去480美元的支撑，则仍有可能回调至420美元。只要价格继续形成更高的低点和高点，就有可能进一步上涨。

The RSI has been declining for several weeks, but the momentum remains overall bullish. Buyers retain control of the momentum in this time frame.

RSI 已经连续几周下降，但总体势头仍然看涨。买家在此时间范围内保持对势头的控制。

BNB Strengthens Against Bitcoin in Downturn

BNB 在低迷时期相对于比特币走强

The BNB/BTC pair measures the strength of Binance's native token against the king of cryptocurrencies. Typically, when BTC falls, it drags altcoins down with it. This remains true for the majority of altcoins that have experienced a significant decline, but BNB remains strong as evidenced by the BNB/BTC pair:

BNB/BTC 货币对衡量了币安原生代币相对于加密货币之王的实力。通常，当比特币下跌时，山寨币也会随之下跌。对于大多数经历了大幅下跌的山寨币来说，情况仍然如此，但 BNB 仍然强劲，BNB/BTC 货币对就证明了这一点：

(Image: Binance Coin (BNB) price against Bitcoin (3D))

（图片：币安币（BNB）相对于比特币的价格（3D））

The BNB/BTC pair has managed to regain momentum with higher lows and highs on the other side of the downtrend line. Additionally, buyers have stepped in at the level of the bullishly aligned 9 and 18 moving averages and at the support level of 0.0083 BTC. It needs to break through the recent high to continue the momentum with higher lows and highs.

BNB/BTC 货币对已成功恢复势头，在下降趋势线的另一侧出现更高的低点和高点。此外，买家已在看涨的 9 和 18 移动平均线以及 0.0083 BTC 的支撑位介入。它需要突破近期高点才能延续低点和高点走高的势头。

The RSI is also bullish; buyers have control of the momentum. To continue the bullish momentum, it will need to close above 71.

RSI 也看涨；买家可以控制势头。要继续看涨势头，需要收于 71 上方。

Coinbase (COIN) Rejected at $270 Resistance

Coinbase (COIN) 在 270 美元阻力位被拒绝

Coinbase has been on an uptrend for several months, but it has struggled to break through the resistance at $270. The consolidation below the resistance continues, and buyers could step in at the bullish institutional bias and the support at $210:

Coinbase 几个月来一直处于上涨趋势，但一直难以突破 270 美元的阻力位。阻力位下方的盘整仍在继续，买家可能会在看涨的机构偏见和 210 美元的支撑位介入：

(Image: Coinbase price against the US dollar (3D))

（图片：Coinbase 兑美元价格（3D））

If the price bounces, a return to the resistance at $270 is possible. As the primary trend is bullish (higher lows and highs over several months), a breakout of $283.5 is entirely possible. In such a scenario, the price could rally to the next resistance level at $340. On the other hand, if the price slips below $210, the next significant support lies at $160. Seeing COIN resilient is encouraging for the future. In the previous cycle, the Coinbase's top marked the end of the cycle for cryptocurrencies.

如果价格反弹，则有可能回到 270 美元的阻力位。由于主要趋势是看涨（几个月内更高的低点和高点），突破 283.5 美元是完全有可能的。在这种情况下，价格可能会反弹至下一个阻力位 340 美元。另一方面，如果价格跌破 210 美元，下一个重要支撑位在 160 美元。看到 COIN 的弹性对未来来说是令人鼓舞的。在上一个周期中，Coinbase 的顶部标志着加密货币周期的结束。

The RSI has been heading up for over a year now, but it has failed to make higher highs. It must avoid dropping below the recent low of 46, as this would validate a bearish divergence.

RSI 已经上涨一年多了，但未能创出更高的高点。它必须避免跌破近期低点 46，因为这将验证看跌背离。

OKB Holds Support at $53

OKB在53美元处保持支撑

Some altcoins are more resilient than others in the face of this Bitcoin decline, and this is particularly the case with OKB. The OKB price is maintaining its overall momentum with higher lows and highs. Moreover, buyers continue to defend the support at $53. However, to initiate a new leg up, it needs to break out of the resistance at $64:

面对比特币的下跌，一些山寨币比其他币更具弹性，OKB 的情况尤其如此。 OKB价格保持整体势头，低点和高点不断上移。此外，买家继续捍卫 53 美元的支撑位。然而，要开始新的上涨，它需要突破 64 美元的阻力位：

(Image: OKB price against the US dollar (3D))

（图片：OKB兑美元价格（3D））

If the resistance gives way, the price could rally to the 1.618 and 2 Fibonacci extensions levels. To continue the bullish momentum, it will need to close above the recent high at $74. On the contrary, if the $64 resistance holds, it will need to defend the support at $53 once more.

如果阻力位被削弱，价格可能会反弹至 1.618 和 2 个斐波那契扩展位。为了继续看涨势头，其收盘价需要高于近期高点 74 美元。相反，如果 64 美元的阻力位守住，则需要再次守住 53 美元的支撑位。

The RSI is moving below the downtrend line. The momentum indicator should once again start making higher lows and highs above the trendline for buyers to regain the momentum advantage.

RSI 正在下降趋势线下方移动。动量指标应再次开始在趋势线上方形成更高的低点和高点，以便买家重新获得动量优势。

KCS Drops to Support at $8.5

KCS 跌至 8.5 美元支撑位

KCS is significantly weaker than its exchange token peers. In fact, KCS has recorded a decline of over 50% from its high around $16. The SEC's attack on the centralized exchange has weakened KCS's price:

KCS 明显弱于其交易所代币同行。事实上，KCS 已从 16 美元左右的高点下跌了 50% 以上。 SEC对中心化交易所的攻击削弱了KCS的价格：

(Image: KCS price against the US dollar (3D))

（图片：KCS 兑美元价格（3D））

The price failed to hold the support at $10.5 and has fallen to the support at $8.5. Here, buyers have the opportunity to react. It will now need to break through the resistance at $10.5 to change the momentum. If the support at $8.5 gives way, the next support is at $6.5. The RSI has validated a bearish divergence; sellers have control of the momentum.

价格未能守住 10.5 美元的支撑位，并跌至 8.5 美元的支撑位。在这里，买家有机会做出反应。现在需要突破 10.5 美元的阻力位才能改变势头。如果 8.5 美元的支撑位消失，下一个支撑位是 6.5 美元。 RSI 已验证看跌背离；卖家可以控制势头。

Exchange Tokens Show Resilience Despite Bitcoin Decline

尽管比特币下跌，交易所代币仍表现出弹性

Following Bitcoin's fall below $70,000, the exchange token sector has proven to be relatively robust. This is particularly true for Binance Coin (BNB), which remains optimistic against the dollar and continues to outperform the king of cryptocurrencies overall. Coinbase COIN is stuck at the resistance level of $270. However, a reaction could occur around the bullishly aligned 9 and 18 moving averages. Meanwhile, buyers are defending the $53 support on OKB. The buyers' objective is now to break the sellers at the $64 resistance. OKB remains optimistic against the dollar, and the odds are on its side for a new leg up once BTC finishes its decline.

在比特币跌破 70,000 美元之后，交易所代币行业已被证明相对强劲。对于币安币（BNB）来说尤其如此，币安币对美元仍然持乐观态度，并且整体表现继续优于加密货币之王。 Coinbase COIN 被困在 270 美元的阻力位。然而，看涨的 9 和 18 移动均线周围可能会出现反应。与此同时，买家正在捍卫 OKB 的 53 美元支撑位。买家现在的目标是突破卖家 64 美元的阻力位。 OKB对美元仍持乐观态度，一旦BTC结束跌势，OKB有望迎来新一轮上涨。

KCS is the poor performer among exchange tokens. The KuCoin platform is being targeted by a legal proceeding in the United States, which creates fragility around KCS. The bulls need to react at the $8.5 support to prevent a further decline that could bring the price back to $6.5. Despite the decline, some altcoins manage to stand out. For example, Solana (SOL), Toncoin (TON), and Bitcoin Cash (BCH) are outperforming Bitcoin.

KCS 是交易所代币中表现较差的。 KuCoin 平台正成为美国一项法律诉讼的目标，这造成了 KCS 的脆弱性。多头需要在 8.5 美元的支撑位处做出反应，以防止进一步下跌，从而导致价格回到 6.5 美元。尽管价格下跌，但一些山寨币仍然脱颖而出。例如，Solana (SOL)、Toncoin (TON) 和比特币现金 (BCH) 的表现优于比特币。