The crypto market saw renewed bullish momentum as Bitcoin surged up the charts to set new all-time highs. At the time of writing this article, Bitcoin is trading at $ 57,582 with a 24-hour trading volume of $ 56.2 billion.
Interestingly, with the coin king heading north on the charts, many altcoins in the market such as Binance Coin and SushiSwap have also seen their prices appreciate in the last few days.
Binance Coin [BNB]
Binance Coin was trading at $ 293.2 with a market cap of over $ 45 billion. Over the past week, the coin has seen its price increase by over 124%. After the price surge on February 19, the coin continued to test resistance around the $ 360 price range. If the coin fails to break through that rank, it may soon be heading towards its support at $ 237.
EMA ribbons have settled near the $ 160 price range and if the first support fails BNB could borrow EMA ribbons support in an attempt to stabilize its price. However, the MACD indicator signals a scenario in which the bulls will prevail after witnessing a bullish cross.
The price of SushiSwap increased by over 13% last week. And it is currently trading at $ 17.8 with a market cap of $ 2.2 billion. Despite the gains recorded last week, from a long-term perspective the coin has remained tightly linked between resistance at $ 20.3 and support at $ 12.3.
Bollinger bands continue to contract to indicate the low level of volatility. The MACD indicator saw its signal line cross the MACD line noting a bearish cross.
Basic attention token [BAT]
BAT’s price also traded sideways last week and saw no gains last week. At press time BAT is trading at $ 0.59 and has seen substantial resistance around the $ 0.69 price level. If the coin were to see a downtrend to materialize, the price may need the help of supports at $ 0.52 and $ 0.40.
Technical indicators highlight a trend reversal in BAT price action. The MACD indicator is on the verge of a bearish cross as the RSI indicator now moves away from the overbought zone, but could return there if the buyers continue to dominate the market.
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