Binance Coin recorded a strong breakout, reaching the $725–$730 zone before pulling back and currently trades near $713. This move has marked one of its most robust upward trends in months, as BNB now holds firmly above all major moving averages.
BNB holds above key moving averages
The main long-term moving averages remain clustered between $623 and $651, while the 20-day exponential moving average (EMA) has moved up to $668. A key development is BNB’s reclaiming of the 200-day EMA at $651, which now acts as the base of a new support range at $650–$670.
Despite this positive momentum, buying pressure has pushed the relative strength index (RSI) to 73, putting the market into overbought territory. The recent rejection at $730 signifies stubborn resistance for bulls. A daily close above $730 may allow BNB to target the $750–$760 range, where it traded before a major correction in June. In contrast, a drop below $690 increases the likelihood of a retracement to the 20-day EMA at $668.
Maintaining the $650–$670 support band is vital for keeping BNB’s bullish outlook intact, even if a short-term dip occurs.
Mini dictionary: EMA (Exponential Moving Average), a metric that gives greater importance to recent price data to measure momentum and identify support or resistance levels in financial charts.
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AAPL| Asset | Current Price | 20-day EMA | 200-day EMA | RSI (Daily) | Main Resistance | Main Support |
|---|---|---|---|---|---|---|
| BNB | $713 | $668 | $651 | 73 | $730 | $650–$670 |
| UNI | $6.25 | $4.70 | N/A | 80 | $6.50 | $4.70–$5.20 |
| GRAM | $1.36 | $1.39 | $1.60 | 47 | $1.40, $1.49–$1.50 | $1.25–$1.30 |
| LINK | $11.58 | $10.69 | $9.83 | 63 | $12.00–$12.20 | $10.00–$11.00 |
Uniswap enters aggressive rally phase
Uniswap, a leading decentralized exchange protocol, has doubled in price since mid-August, rising from $3.20 to $6.25 in less than three weeks. This surge enabled UNI to soar above all key daily moving averages, with a notable breakout past the $4.00–$4.20 resistance cluster.
Strong buying activity pushed UNI beyond $4.70, $5.20, and $5.80 with limited pullbacks. The 20-day EMA advanced to $4.70, well above other major averages. However, the gap between current levels and the 20-day EMA presents a short-term risk. The daily RSI has reached 80, and UNI stands roughly 33% above the 20-day EMA, highlighting substantial overbought conditions. Price stability is showing between $6.25 and $6.50, with some hesitation in further advances.
A clear move above $6.50 would likely open the door toward price discovery at $6.80 and potentially $7.00, but failure could send UNI back toward $5.80 or deeper supports at $5.20–$4.70.
GRAM fails to sustain recovery
Gram, a cryptocurrency project aiming for extensive blockchain adoption, remains under selling pressure. Despite several attempts to create a base between $1.30 and $1.35, GRAM trades around $1.36, below all major daily moving averages.
The 20-day EMA at $1.39 and the next major average at $1.40 pose immediate resistance. In late August, GRAM briefly rebounded toward $1.50 but quickly lost ground, falling back to familiar support. This rally appears to have been a temporary relief, rather than a sign of sustainable change. The RSI at 47 indicates a neutral to bearish trend, with volume diminishing since the asset’s May surge. To confirm a positive reversal, GRAM would need to clear $1.40, then break through $1.49–$1.50, which would set the 200-day EMA at $1.60 as the next target. A drop below $1.30 could test $1.25 or lower local lows.
Mini dictionary: Gram, a digital asset launched as part of messaging app Telegram’s attempt to build an open blockchain platform, which has evolved into an independent community-driven project after regulatory setbacks.
Chainlink maintains post-breakout structure
Chainlink’s technical setup remains robust following a strong rally in August. The LINK token recently climbed from $8.20 to above $12 in two weeks and now trades around $11.58. This rally drove LINK through all major averages, including the 200-day EMA at $9.83.
LINK consolidated in the $11.00–$12.00 band, which signals positive strength after rapid growth. The price is still safely above the 20-day EMA at $10.69, and the daily RSI has tapered to 63. A key test is the resistance range at $12.00–$12.20, where LINK has previously met significant selling interest, marked by upper wicks reaching $12.60.
A confirmed close above $12.20 may lead to another advance toward $12.60 and $13.00. If LINK falls below $11.00, it would likely move closer to the 20-day EMA, with the $9.80–$10.00 range serving as critical structural support. The breakout from August remains valid as long as LINK holds this zone.
