NFT Weekly Sales Drop 20% to $102M Amidst Cooling Crypto Market
NFT Market Decline: The global non-fungible token (NFT) market experienced a 19.88% drop in trading sales volume, totaling over $102 million in the first week of September, coinciding with a downturn in the crypto market, particularly affecting Bitcoin and Ethereum prices.
Top NFT Collections: The Courtyard NFT collection led sales with $14.9 million, followed by CryptoPunks at $7 million and DKTNFT at $4.1 million, while the overall market shows a trend towards utility-driven applications and institutional investment, projecting growth to $49 billion by 2025.
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Technical Analysis for BNB
Technical Sentiment Analysis for BNB (BNB) As of , BNB (BNB) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BNB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BNB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
BNB (BNB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 266.236 | 418.148 | 557.026 | 708.938 | 847.816 | 999.728 | 1138.606 |
| Fibonacci | 418.148 | 529.23 | 597.856 | 708.938 | 820.02 | 888.646 | 999.728 |
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