March 28, 2024

Analysis of the price of BNB / USD and TRX / USD on 01/18/20

Analysis of the price of BNB / USD and TRX / USD on 01/18/20

Since the beginning of the year, the capitalization of the cryptocurrency market has grown from $190 billion to $243 billion. I wonder whatmost altcoins are seeing much greater growth than BTC.

BNB / USD

Analysis of the price of BNB / USD and TRX / USD on 01/18/20

On January 16, the price of BNB jumped from $ 16.30 to $ 18.19. Nevertheless, the inability to stay above this mark demonstrates the low activity of buyers at highs. In order for the asset price to continue to grow, buyers need to gain a foothold above $ 18.20.

TRX/USD 

Analysis of the price of BNB / USD and TRX / USD on 01/18/20

This week buyers managed to hold down the priceabove the support level of $0.0160, however, it was not possible to break through the resistance level at $0.0180. The TRX price has returned to $0.0175 around which it is consolidating. 

In case the sellers manage to raise the priceasset above $0.0180, their next target could be $0.0230. However, if the price falls below $0.0160, there is a possibility of a retest of $0.0145.