BNB price forecast: BNB could retest $820 before rallying higher

Key takeaways

  • Binance’s BNB is down 1% despite other leading cryptocurrencies performing positively.
  • The coin could retest the $820 low before rallying above $900.

BNB stays above $850 as the market looks to recovery

BNB, the native coin of the Binance ecosystem, is down less than 1% in the last 24 hours despite the broader market embarking on a mini recovery. Its poor performance means that BNB is still trading around $250 while BTC, SOL, BCH, and XRP move higher.

The stable price action also comes despite Binance announcing that it has launched its Mexican entity Medá. According to the crypto exchange, Medá is registered as an Electronic Payment Funds Institution. The new entity will also operate as an independent division focused on advancing fintech services for Binance throughout Latin America.

Binance has also committed a $53 million investment in the new entity over the next four years. The positive news of Binance expanding its operations in Latin America didn’t do much for its price in the near term.

BNB could retest $820 before rallying higher

The BNB/USD 4-hour chart is bullish and efficient as BNB reached a new all-time high of $900 ten days ago. The recent ATH means that the momentum indicators remain bullish.

The RSI of 46 shows that BNB is facing selling pressure, while the MACD lines have crossed into the bearish territory. If the selling pressure continues, BNB could retest the TLQ and support level at $820 over the next few hours.

BNB/USD 4H Chart

The liquidity resting at the $820 TLQ could provide the necessary push for BNB to retest the $900 high once again. However, failure to protect the $820 low could see BNB drop to the $792 support region.

Any move towards $900 would allow BNB to rally towards the $1,000 psychological, setting up a new all-time high in the process.

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BCH crosses $550, outperforms other major cryptos; Check forecast

Key takeaways

  • Bitcoin Cash is the best performer among the top 20 cryptocurrencies by market cap.
  • The coin could hit $600 soon as the broader crypto market embarks on a recovery

BCH hits $550 as market shows signs of recovery

BCH, the native coin of the Bitcoin Cash blockchain, is the best performer among the top 20 cryptocurrencies by market cap in the last 24 hours. The coin rallied by 5% in the last 24 hours to cross the $550 mark and now trades at $567 per coin.

Its positive performance comes as the broader crypto market slightly recovered from Monday’s slump. Bitcoin is trading above $110k once again after dropping to the $107k region over the weekend.

Ether, the second-largest cryptocurrency by market cap, has also topped $4,400 after testing the $4,250 low on Monday. Bitcoin Cash could now rally higher over the coming hours as the bullish momentum slowly returns.

BCH targets the $608 high

The BCH/USD 4-hour chart is bullish and efficient thanks to Bitcoin Cash’s performance in recent weeks. The higher timeframe sentiment remains bullish despite the recent market sell-off.

The RSI of 63 shows that BCH could be heading into the overbought region if the bullish trend continues. The MACD lines are also in the positive territory, suggesting that the momentum indicators have a bullish bias.

BCH/USD 4H Chart

If the recovery continues, BCH could surge towards last week’s high of $608 over the next few hours. An extended bullish run would allow BCH to reclaim the August high of $633. 

However, the market conditions remain choppy, and Bitcoin Cash could undergo a correction. If that happens, BCH could retest the weekend low of $521 before dropping towards $490 for the first time since July. 

Despite that, BCH remains one of the strongest coins among the top 20 at the moment. It could rally higher in the near term if the market maintains the bullish momentum.

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Bitcoin, Ethereum hold steady as crypto braces for a historically brutal September

  • The crypto market is bracing for “Red September,” its historically worst month.
  • The Crypto Fear and Greed Index has plummeted into the “fear” zone.
  • Bitcoin is holding critical support around the 108,000 dollar level for now.

A fragile and deceptive calm has settled over the cryptocurrency market as September begins, a quiet start to what history warns is the cruelest and most unforgiving month of the year.

While prices are holding steady for now, a powerful undercurrent of fear is gripping traders, as seasonal weakness collides with a high-stakes macroeconomic picture, setting the stage for a potentially volatile and brutal few weeks.

The shift in sentiment has been swift and severe.

The Crypto Fear and Greed Index, a key barometer of market psychology, has plummeted from a confident 75 out of 100 in mid-August to just 46 today, plunging the market from “neutral” territory deep into the “fear” zone.

It is the worst reading since the dark days of mid-June.

This growing anxiety is rooted in the hard data of market history. Since 2013, Bitcoin has dropped an average of 3.77 percent every September, a grim and consistent pattern that has earned the month its ominous nickname: “Red September.”

The Battle for $108,000

For now, a tense battle is being waged on the charts. Bitcoin is showing a flicker of resilience, holding above the psychologically critical $108,000 support level.

But a deeper look at the technical indicators reveals a market on a knife’s edge, caught in a state of profound indecision.

The Average Directional Index (ADX) is hovering at 20, a reading that suggests a choppy, directionless market.

At the same time, the Relative Strength Index (RSI) at 40 is flashing a clear warning: the “Red September” effect is taking hold, with selling pressure beginning to dominate.

The Squeeze Momentum Indicator confirms this, showing that while a big move may not be imminent, the underlying trend remains distinctly bearish.

The most telling sign may be in the exponential moving averages (EMAs). While the broader configuration remains bullish, with the 50-day EMA above the 200-day EMA, the gap between the two is ominously starting to close.

This signals a dangerous deceleration of the bullish trend and raises the specter of a “death cross,” a technical pattern that would confirm a deep and protracted bear market.

The shadow of the Fed looms large

This internal market struggle is playing out under the long shadow of the Federal Reserve.

The central bank’s upcoming policy meeting on September 16-17 may well be one of the most contentious in years, a pivotal showdown that could determine the fate of all risk assets.

With markets currently implying an 87 percent chance of a quarter-point rate cut, the crypto market is trapped between the rock of seasonal weakness and the hard place of potential monetary relief.

Prediction markets are reflecting this bearish tilt.

On Myriad, traders now give Bitcoin a 75 percent chance of dropping to 105,000 dollars in the near future, a stunning reversal from just two weeks ago when the same market was pricing in a 90 percent chance of a surge to 125,000 dollars.

The storm clouds are gathering, and the calm of this early September morning may not last for long.

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World Liberty Financial (WLFI) lands on major exchanges on day 1, token unlocks dampen gains

  • World Liberty Financial (WLFI) price has dropped 20% after its debut despite strong trading volumes.
  • Trump family is pushing WLFI token as the backbone of their new DeFi ecosystem.
  • Unlock fears and governance doubts weigh on investor sentiment.

World Liberty Financial’s WLFI token made its highly anticipated debut on major exchanges on September 1, pulling the crypto market’s spotlight squarely onto the Trump family’s DeFi venture.

But while the launch generated enormous excitement, massive WLFI token unlocks and profit-taking quickly tempered early gains, leaving traders cautious about what lies ahead.

WLFI token trading kicked off with a bang

Binance, Upbit, Gate and other leading exchanges began listing WLFI token on the first day, opening at around $0.30 before slipping to $0.25 within hours.

Despite the slight decline post-launch, the token’s fully diluted valuation (FDV) still pushed close to $30 billion, with market capitalisation topping $8 billion on launch day.

The debut also sparked heavy derivatives activity, with open interest in WLFI futures climbing above $1 billion, and trading volume surging more than 200% to surpass $8 billion.

While such figures underscore the intense curiosity around the project, they also reveal how speculative trading has overtaken fundamentals in shaping WLFI’s early price swings.

Token unlock sparks jitters

Alongside its market debut, WLFI saw one of the largest token unlocks in recent memory.

Out of its 100 billion total supply, 24.67 billion tokens entered circulation on day one. Of these, 10 billion were earmarked for the ecosystem team, 7.7 billion for Alt5 Sigma’s treasury operations, 2.8 billion for liquidity and marketing, and 4 billion for early investors.

The heavy allocation raised fears of immediate sell-offs by insiders, including Trump family members.

But while traders worry that any early moves by large holders could trigger cascading liquidations in futures markets, only 20% of the total supply is tradable at launch, while the remaining 80% remains locked under undisclosed schedules.

Trump family ties shape narrative

Once dismissed as a derivative of Aave, World Liberty Financial (WLFI) has evolved into what its backers call a DeFi “super app.”

The Trump family’s involvement has been central to this evolution.

Donald Trump Jr. described the token as “not just a meme coin” but the governance backbone of a financial ecosystem aimed at reshaping how money moves.

Eric Trump went further, calling the launch “a pivotal moment for the future of finance,” while the family’s network of allies and investors has included major figures from the Asian crypto scene and Middle Eastern sovereign wealth funds.

These political and capital alliances have elevated the WLFI token well beyond a typical DeFi protocol, ensuring it remains both a financial experiment and a political statement.

Stablecoin USD1 drives ecosystem

At the heart of World Liberty Financial’s expansion is its stablecoin, USD1.

Launched earlier this year, it has already been used in high-profile deals, including a $2 billion investment in Binance by Abu Dhabi’s sovereign fund.

With strong backing from major exchanges, USD1 has quickly achieved a $2 billion market cap, though critics note that much of its usage still relies on exchange-driven liquidity rather than real-world adoption.

The Trump family’s personal history of being “de-banked” after Donald Trump’s first presidential term has also shaped WLFI’s strategy.

By creating stablecoins, lending protocols and treasury assets outside of traditional finance, the family seeks not only new business opportunities but also a financial buffer against future political risks.

World Liberty Financial (WLFI) outlook remains cautious

WLFI’s first day on the market illustrated both the scale of its ambition and the volatility of its path.

Heavy derivatives trading and soaring valuations demonstrated strong speculative demand, but the massive WLFI token unlock dampened momentum and highlighted lingering concerns about concentrated ownership.

For now, key technical levels lie at $0.25 support and resistance at $0.30 and $0.35.

While most pointers warn that the path of least resistance remains downward if selling pressure accelerates, the political clout, global capital backing, and a growing stablecoin ecosystem could propel WFLI’s price higher.

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