Bitcoin, Binance & PEPE – American Wrap 22 May

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Bitcoin price has not been able to bounce back from the crash witnessed at the beginning of the month. The impact on investors, surprisingly, has not been as significant since their behavior has not changed much since the end of March. This suggests that the next trigger for profit-taking won’t arrive until BTC actually notes a bankable rally.

Binance Coin (BNB) price is heading higher this Monday after a failed string of tests at the topside and a breakdown in the ASIA PAC session on Monday morning. With price action already above the monthly S1, it means that bulls are resilient and willing to go the extra mile to get some gains out of this trading week. The Relative Strength Index (RSI) proves that bulls have been buying and are bound to head to $320 with a least a 5% gain for this week’s projection.

PEPE price is heading sideways to lower as the newcomer among the altcoin family has enjoyed its first minutes of fame and is now fading into the background. In its first few days, it even surpassed BNB’s 24-hour trading volume and surged 12% in one move on Sunday. With that move nearly fully unwound on Monday, it appears that the newcomer is losing its glow little by little.

 

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