According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n
According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n \"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
It is also important to note that the trading volume still remains low, which means that traders are not willing to buy at current levels. According to technical analysis, SHIB remains in a bear market, but if the price advances above $0.000010, the next target could be $0.000012. The important support level stands at $0.0000080, and a break below this level would indicate that we could see SHIB at $0.0000070 or even below.<\/p>\n","post_title":"DOGE and SHIB Price Analysis for December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"doge-and-shib-price-analysis-for-december","to_ping":"","pinged":"","post_modified":"2023-04-10 18:10:17","post_modified_gmt":"2023-04-10 08:10:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8751","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n \"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
It is also important to note that the trading volume still remains low, which means that traders are not willing to buy at current levels. According to technical analysis, SHIB remains in a bear market, but if the price advances above $0.000010, the next target could be $0.000012. The important support level stands at $0.0000080, and a break below this level would indicate that we could see SHIB at $0.0000070 or even below.<\/p>\n","post_title":"DOGE and SHIB Price Analysis for December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"doge-and-shib-price-analysis-for-december","to_ping":"","pinged":"","post_modified":"2023-04-10 18:10:17","post_modified_gmt":"2023-04-10 08:10:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8751","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n \"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Shiba Inu (SHIB) has been outperforming DOGE in the last several hours, but despite a slight rise, SHIB has not accumulated enough power for continued growth and the possibility of stabilizing above the $0.000010 level.<\/p>\n\n\n\n It is also important to note that the trading volume still remains low, which means that traders are not willing to buy at current levels. According to technical analysis, SHIB remains in a bear market, but if the price advances above $0.000010, the next target could be $0.000012. The important support level stands at $0.0000080, and a break below this level would indicate that we could see SHIB at $0.0000070 or even below.<\/p>\n","post_title":"DOGE and SHIB Price Analysis for December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"doge-and-shib-price-analysis-for-december","to_ping":"","pinged":"","post_modified":"2023-04-10 18:10:17","post_modified_gmt":"2023-04-10 08:10:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8751","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n \"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Shiba Inu (SHIB) has been outperforming DOGE in the last several hours, but despite a slight rise, SHIB has not accumulated enough power for continued growth and the possibility of stabilizing above the $0.000010 level.<\/p>\n\n\n\n It is also important to note that the trading volume still remains low, which means that traders are not willing to buy at current levels. According to technical analysis, SHIB remains in a bear market, but if the price advances above $0.000010, the next target could be $0.000012. The important support level stands at $0.0000080, and a break below this level would indicate that we could see SHIB at $0.0000070 or even below.<\/p>\n","post_title":"DOGE and SHIB Price Analysis for December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"doge-and-shib-price-analysis-for-december","to_ping":"","pinged":"","post_modified":"2023-04-10 18:10:17","post_modified_gmt":"2023-04-10 08:10:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8751","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n \"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The first resistance level for DOGE stands at $0.11, and if the price advances above this level again, the next target could be $0.12. Traders should also consider that the price of DOGE is usually correlated with Bitcoin, and if the price of Bitcoin jumps above $18,000, we may see DOGE at a higher price level than the current price. The current support level is $0.090, and if the price breaks this level, we could see DOGE at $0.085 or even below.<\/p>\n\n\n\n Shiba Inu (SHIB) has been outperforming DOGE in the last several hours, but despite a slight rise, SHIB has not accumulated enough power for continued growth and the possibility of stabilizing above the $0.000010 level.<\/p>\n\n\n\n It is also important to note that the trading volume still remains low, which means that traders are not willing to buy at current levels. According to technical analysis, SHIB remains in a bear market, but if the price advances above $0.000010, the next target could be $0.000012. The important support level stands at $0.0000080, and a break below this level would indicate that we could see SHIB at $0.0000070 or even below.<\/p>\n","post_title":"DOGE and SHIB Price Analysis for December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"doge-and-shib-price-analysis-for-december","to_ping":"","pinged":"","post_modified":"2023-04-10 18:10:17","post_modified_gmt":"2023-04-10 08:10:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8751","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n \"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The first resistance level for DOGE stands at $0.11, and if the price advances above this level again, the next target could be $0.12. Traders should also consider that the price of DOGE is usually correlated with Bitcoin, and if the price of Bitcoin jumps above $18,000, we may see DOGE at a higher price level than the current price. The current support level is $0.090, and if the price breaks this level, we could see DOGE at $0.085 or even below.<\/p>\n\n\n\n Shiba Inu (SHIB) has been outperforming DOGE in the last several hours, but despite a slight rise, SHIB has not accumulated enough power for continued growth and the possibility of stabilizing above the $0.000010 level.<\/p>\n\n\n\n It is also important to note that the trading volume still remains low, which means that traders are not willing to buy at current levels. According to technical analysis, SHIB remains in a bear market, but if the price advances above $0.000010, the next target could be $0.000012. The important support level stands at $0.0000080, and a break below this level would indicate that we could see SHIB at $0.0000070 or even below.<\/p>\n","post_title":"DOGE and SHIB Price Analysis for December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"doge-and-shib-price-analysis-for-december","to_ping":"","pinged":"","post_modified":"2023-04-10 18:10:17","post_modified_gmt":"2023-04-10 08:10:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8751","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n \"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The price of Dogecoin (DOGE) has advanced from $0.07 to $0.11 since November 21, and the current price stands at $0.096. DOGE was in the red during Friday\u2019s session, but this decline comes as traders have seemingly moved to secure gains following a recent surge in price.<\/p>\n\n\n\n The first resistance level for DOGE stands at $0.11, and if the price advances above this level again, the next target could be $0.12. Traders should also consider that the price of DOGE is usually correlated with Bitcoin, and if the price of Bitcoin jumps above $18,000, we may see DOGE at a higher price level than the current price. The current support level is $0.090, and if the price breaks this level, we could see DOGE at $0.085 or even below.<\/p>\n\n\n\n Shiba Inu (SHIB) has been outperforming DOGE in the last several hours, but despite a slight rise, SHIB has not accumulated enough power for continued growth and the possibility of stabilizing above the $0.000010 level.<\/p>\n\n\n\n It is also important to note that the trading volume still remains low, which means that traders are not willing to buy at current levels. According to technical analysis, SHIB remains in a bear market, but if the price advances above $0.000010, the next target could be $0.000012. The important support level stands at $0.0000080, and a break below this level would indicate that we could see SHIB at $0.0000070 or even below.<\/p>\n","post_title":"DOGE and SHIB Price Analysis for December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"doge-and-shib-price-analysis-for-december","to_ping":"","pinged":"","post_modified":"2023-04-10 18:10:17","post_modified_gmt":"2023-04-10 08:10:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8751","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n \"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The price of Dogecoin (DOGE) has advanced from $0.07 to $0.11 since November 21, and the current price stands at $0.096. DOGE was in the red during Friday\u2019s session, but this decline comes as traders have seemingly moved to secure gains following a recent surge in price.<\/p>\n\n\n\n The first resistance level for DOGE stands at $0.11, and if the price advances above this level again, the next target could be $0.12. Traders should also consider that the price of DOGE is usually correlated with Bitcoin, and if the price of Bitcoin jumps above $18,000, we may see DOGE at a higher price level than the current price. The current support level is $0.090, and if the price breaks this level, we could see DOGE at $0.085 or even below.<\/p>\n\n\n\n Shiba Inu (SHIB) has been outperforming DOGE in the last several hours, but despite a slight rise, SHIB has not accumulated enough power for continued growth and the possibility of stabilizing above the $0.000010 level.<\/p>\n\n\n\n It is also important to note that the trading volume still remains low, which means that traders are not willing to buy at current levels. According to technical analysis, SHIB remains in a bear market, but if the price advances above $0.000010, the next target could be $0.000012. The important support level stands at $0.0000080, and a break below this level would indicate that we could see SHIB at $0.0000070 or even below.<\/p>\n","post_title":"DOGE and SHIB Price Analysis for December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"doge-and-shib-price-analysis-for-december","to_ping":"","pinged":"","post_modified":"2023-04-10 18:10:17","post_modified_gmt":"2023-04-10 08:10:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8751","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n \"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n
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Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n
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Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n
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![\"BNBUSD](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2022\/12\/Binance-Coin-analysis-1160x495.jpg\")
Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n
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Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n
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Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n
Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n
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Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n
Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n
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Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n
Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n
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Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n
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Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n
Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n
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Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n
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![\"Shiba](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2022\/12\/SHIB-1160x493.jpg\")
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Technical Analysis of Shiba Inu (SHIB)<\/h2>\n\n\n\n
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![\"Dogecoin](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2022\/12\/Dogecoin-1160x496.jpg\")
<\/figure>\n\n\n\nTechnical Analysis of Shiba Inu (SHIB)<\/h2>\n\n\n\n
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Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n
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<\/figure>\n\n\n\nTechnical Analysis of Shiba Inu (SHIB)<\/h2>\n\n\n\n
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Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n
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Technical Analysis of Dogecoin (DOGE)<\/h2>\n\n\n\n
<\/figure>\n\n\n\nTechnical Analysis of Shiba Inu (SHIB)<\/h2>\n\n\n\n
<\/figure>\n\n\n\nBinance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n
