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Can XRP or Binance Coin (BNB) outperform Bitcoin (BTC)?

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Bulls have seized the opportunity in the cryptocurrency market, with the majority of the coins being in the green zone. XRP and DOGE are the only exceptions.

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Top coins by CoinMarketCap

BTC/USD

Yesterday, the bulls were preparing for an assault on the psychological level of $40,000. However, the breakthrough turned out to be rather weak and the monthly peak was recorded in the area of ​​$40,920.

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BTCUSD

BTC/USD chart by TradingView

In the afternoon, the price of Bitcoin (BTC) rolled back, returning to its original levels in order to repeat the assault on the $40,000 level. The second attempt to gain a foothold above was even worse — before the end of the day, it managed to rise only to the area of ​​$40,690. At night, the trading volumes decreased and the pair rolled back to its previous position.

This morning, one more attempt to test the 50 percent Fibonacci level is possible, but given how overheated the market is, it can be assumed that the pair may roll back to the support of $36,000 before the end of the day.

Bitcoin is trading at $39,739 at press time.

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XRP/USD

Yesterday morning, buyers were able to form a strong bullish momentum and the XRP price broke through the resistance at $0.65, setting a new July high around the $0.754 mark.

XRP

XRP/USD chart by TradingView

In the second half of the day, the volume decreased and the pair rolled back below the level of $0.70. Tonight, on decreasing volumes, buyers tried to return to the zone of the monthly peak, but the bears repulsed this bull’s advance. Now, the price of XRP is back at $0.70 per coin. If the pressure from the bears increases, the pair can roll back to the area of ​​the two-hour EMA55.

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XRP is trading at $0.70537 at press time.

BNB/USD

The price of Binance Coin (BNB) has remained almost unchanged since yesterday.

BNB

BNB/USD chart by TradingView

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At the moment, the native exchange coin is trading in the zone where most of liquidity is focused. It means that traders are still accumulating power for a sharp price blast. If they can gain footing above $320, there is a chance of coming back to the resistance zone around $350 in the first days of September.

BNB is trading at $313 at press time.

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Bitcoin

BTC, ADA, BNB and DOT Price Analysis for September 25

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Can altcoins retain their power against Bitcoin (BTC) in the mid-term scenario?

The weekend has begun with the bounceback of the cryptocurrency market as all of the top 10 coins are again in the green zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) has risen by 3.32% over the past 24 hours.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

Despite the bounceback, Bitcoin (BTC) has not yet come back to the bullish zone as the chief crypto has not fixed above the resistance zone of $48,500.

However, if sellers keep pushing the price deeper, the drop may continue to the zone of the most liquidity around $37,000.

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Bitcoin is trading at $42,591 at press time.

ADA/USD

Cardano (ADA) is the biggest gainer from the list today as the price has rocketed by 10%.

ADA/USD chart by TradingView
ADA/USD chart by TradingView

Cardano (ADA) has successfully bounced back to the support at $2.104 and is now trying to recover the lost positions. At the moment, the more likely scenario is accumulation in the range of $2.30-$2.50 so that bulls can get more power to get back to the resistance at $2.80.

ADA is trading at $2.380 at press time.

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BNB/USD

Binance Coin (BNB) has gained less than Cardano (ADA), with a growth of 3.85%.

BNB/USD chart by TradingView
BNB/USD chart by TradingView

Despite the rise, Binance Coin (BNB) is located near the support zone, which means that bulls have not seized the initiative thus far. If the breakout happens, there may be a sharp fall to the next vital level at $240.

BNB is trading at $352 at press time.

DOT/USD

Polkadot (DOT) is trying to keep up with the rise of Biance Coin (BNB), as the growth has constituted 6.23%.

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DOT/USD chart by TradingView
DOT/USD chart by TradingView

Despite the rise, Polkadot (DOT) is trading below the vital $35 level. At the moment, neither buyers nor sellers are dominating, which means sideways trading is likely to continue within the next few days.

DOT is trading at $30.60 at press time.

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Binance Coin Price Analysis: BNB retests $440 resistance, a retracement to follow?

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Binance Coin price analysis is bearish today as the market struggled to break past the $440 resistance. As BNB/USD has formed a consolidation below the $440 resistance, we expect the market to retrace over the next 24 hours and set a higher low.

Binance Coin Price Analysis: BNB retests $440 resistance, a retracement to follow? 1
Cryptocurrency heat map. Source: Coin360

The cryptocurrency market traded slightly in the red over the last 24 hours. The market leader, Bitcoin, is down by 1.11 percent, while Ethereum is down by 3.17 percent. Meanwhile, Avalanche (AVAX) is the best performer, with a gain of 22 percent.

Binance Coin price movement in the last 24 hours: Binance Coin consolidates below $440 resistance

BNB/USD traded in a range of $422.54 – $436.42, indicating low volatility over the last 24 hours. Trading volume has decreased by 6.24 percent and totals $1.75 billion, while the total market cap trades around $71.22 billion, ranking the coin in 4th place overall.

BNB/USD 4-hour chart: BNB set to retrace?

On the 4-hour chart, 

Binance Coin Price Analysis: BNB retests $440 resistance, a retracement to follow?
BNB/USD 4-hour chart. Source: TradingView

Binance Coin price action has seen a reduction of volatility over the past days compared to what we saw last week. After peaking below the $510 mark, BNB/USD saw a rapid decline of more than 25 percent, with support, found around $375-$390 area.

From there, Binance Coin traded in a relatively low range, retesting $440 previous support as resistance last Friday. From there, BNB slowly retraced to $390, where support was found on Monday.

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What followed was a substantial advance yesterday, with the $440 resistance retested again. Since then, the Binance Coin price has consolidated below the resistance, indicating further downside to follow later this week.

Binance Coin Price Analysis: Conclusion 

Binance Coin price analysis is bearish for today as consolidation was formed below the $440 resistance, and bears started to gain momentum. Therefore, we expect BNB/USD to retrace further and look to set another higher low.

While waiting for Binance Coin to move further, read our articles on Wrapped Bitcoin, Decentralized Exchanges, as well as NFT Marketplace.

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Altcoin

Popular Analysts Set Targets For These Altcoins. Are These Achievable, If Yes Then When?

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While Altcoins are on the move, the expectations from these coins have raised bars. Popular analyst bets on Litecoin price, Binance coin price, and Polygon(MATIC) price amongst others to achieve his set targets in near future. Let us understand how and when it will be possible for these coins to achieve their targets.

Litecoin 

Litecoin, according to the analyst, is expected to hit the $550 price mark, the coin is hovering around $216.4 price point, and the trading volume for the past 24 hours has gained by 69.43%, at press time.

It has got the potential to achieve its said target, The coin is expected to be updated with the Mimble Wimble Extension Blocks (MWEB). The MWEB is set to be the largest update to LTC. It promises increased fungibility while improving LTC’s scalability, other perks include user security and a bigger and faster network.

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The MWEB upgrade has the potential to enhance user experience and LTC’s use case as a mode of payment, which was the initial goal of the network. The update could launch by year-end. If things fall into place, LTC will hit the $550 mark. 

Binance  coin

Binance coin is another popular coin in the crypto space,with price $495.94 at press time. Predictions of it achieving a 3-digit gain to hit $1k seems achievable, tracing its movements. 

From the charts, it is evident that the coin has seen a healthy consolidation, after a bullish run. BNB price has witnessed an ATH of around $686 in the month of May 2021.

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However, the coin is now showing signs of recovery, hinting for the next leg up. Consequently, the coin will have to surpass a resistance at $532, and another at $613, to achieve its ATH of $700. Post this ATH, the $1000 mark is achievable.

Polygon (MATIC)

Polygon could hit the $5 mark, the coin is priced at $1.62 at the time of writing. MATIC offers the best of Ethereum, and Sovereign blockchains. It provides ETH compatibility, scalability, security, sovereignty, interoperability, and modularity amongst others.  

Polygon’s website, displays that it supports two major types of Ethereum-compatible blockchain networks, which are stand-alone networks and networks that leverage security as a service. 

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In the case of security as a service, it can be provided either by Ethereum directly, or by a pool of professional validators. Secured chains offer a high level of security, with the tradeoff of sacrificing a portion of independence and flexibility. While Polygon PoS and zk Rollups are live, Optimistic Rollups, and Validity chains are in the pipeline.

Stand-alone chains are fully in charge of their own security, that is they have their own proof of validators. The implementations of application-specific chains and industry chains are in the pipeline. MATIC offers promising solutions to existing problems, however, a price surge to $5, seems to unfold in the longer run.

Summing up, the Altcoins mentioned are capable of rising the market charts. The question still remains unanswered of when the coins will hit the targets? The targets can be achieved in the bull cycle, provided the situation prevails. However, some coins like Doge despite their fundamental strengths tend to surge because of market sentiments.

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