While the tensions between Israel and Iran escalate, traditional financial markets and crypto markets have taken a bigger hit. More than $ 1.1 billion in liquidations was registered, so that the Bitcoin price tests the local soils at around $ 102.6k. Although Token works to mark a recovery, the technical and market conditions suggest that a deeper correction could be possible if the token cannot defend local support. While the other Altcoins closely follow the Star -Toks, Binancecoin and Uniswap collect some strength and prepare for a strong revival.
Binancecoin (BNB) Price ready for a revival of 15%
Binancecoin shows enormous strength, regardless of the market conditions that helped to stay within the top 5 crypto ranks. The BNB price stabilizes above the $ 655- $ 660 zone after reclaiming a broken wedge resistance. The recent price promotion shows consolidation just below a confluence of resistance lines, signaling voltage prior to a potential outbreak. A persistent movement above this compression can unlock the $ 700- $ 720 area.
The UNI price undergoes a parabolic recovery and the newest rebound has escalated the levels above the Gaussian channel that Bullish has become. The volume has increased since May, which suggests that volatility has increased since then. By the way, the RSI also rises and holds on to the rising trend line, which suggests that the strength of the rally is increasing and rises along the parabolic recovery to reach $ 20.