Based

bullish

Helium

The post <a href="https://coinpedia.org/price-analysis/binance-battles-500-support-as-helium-eyes-10-a-turning-point-for-altcoins/">Binance Battles $500 Support as Helium Eyes $10: A Turning Point for Altcoins?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Amid the broader correction, the top altcoins like Helium and Binance are at crucial crossroads. As the supply pressure grows, Binance stands at a crucial $500 support, and Helium awaits a breakout run to achieve the $10 psychological mark.&nbsp; 
Will an underlying surge in demand fuel a bull run in these top altcoins?&nbsp; 
<h2 class="wp-block-heading" id="h-will-bnb-price-hold-500">Will BNB Price Hold $500?</h2> 
The BNB price analysis shows a solid resistance trendline at play, with a declining support trendline completing a falling channel pattern. Further, the ongoing negative cycle in the BNB price breaks under the 200-day EMA.&nbsp; 
The downfall accounts for a 10.72% drop last week, followed by a 1.15% slip intraday drop, continuing the bearish trend. This undermines the 14% jump in mid-August.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeseVfOnhebKtamb19IV2ARzOot0fUYnSq4L8oNIqGWKyRO0hVa5MqR0eTTxm_bJioZuClfT2W_QWbMznSIiYmjh8AJ0UIs21XHCSFszEZCrelfi1OeJrpFOX-yfJ0qUDW4Yow3gtzuLq7-hVa42ciIlejP?key=lS2tgmzwkqgDt3pAYqgVzQ" alt="Binance Coin Price Analysis 2nd September 2024">
</figure> 
<a href="https://www.tradingview.com/x/6XsJYuhc/">Tradingview</a> 
Currently, the altcoin price trades at $509.7 with an intraday drop of 0.60%, restarting the downfall after a few days of consolidation at the 200-day EMA.&nbsp; 
Further, the downfall puts the $500 psychological mark at risk, putting pressure on the $485 and $464 support levels. Additionally, the bearish influence warns of a death cross between the 50-day and 200-day EMA.&nbsp; 
On the positive side, a minor bullish divergence could be witnessed in the RSI line. However, the lack of eminent support increases the strength of the selling side.&nbsp; 
<h2 class="wp-block-heading" id="h-will-the-hnt-altcoin-price-hit-10">Will The HNT Altcoin Price Hit $10?</h2> 
The HNT price action reveals a bullish cycle in motion following the channel pattern breakout. Based on the Fibonacci levels, the ongoing uptrend continues the consolidation between the 61.80% and 78.60% Fibonacci levels at $6.22 and $7.68, respectively.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfNVZr115TxowuG66PJUZ9riZXMDQkVyT_rMByWpi-eDs-abOpY2zn27shM5R28YmoNJY3KBq_IYXqZHWtToHVjMLaxdEyVvPfyhWeREKiWhx09Demk2Oxu2sFsUi5lANGMYsMqnIczLXKputckFoBdS_Kf?key=lS2tgmzwkqgDt3pAYqgVzQ" alt="HNT Price Analysis 2nd September 2024">
</figure> 
<a href="https://www.tradingview.com/x/oDIlXN1d/">TradingView</a> 
Currently, the HNT price trades at $7.406 with an intraday jump of 2.75%, completing a morning star pattern.&nbsp; 
Further, the inclination in the 50-day EMA acts as the eminent dynamic support. With increased chances of a bullish breakout, the altcoin price puts $10 and $13 on the bullish radar. On the flip side, the $6.22 and $5.36 are crucial support levels. 
Also, read our <a href="https://coinpedia.org/price-prediction/bnb-binance-coin-price-prediction/" target="_blank" rel="noreferrer noopener">Binance Price Prediction 2024-2030</a> for an overview of long-term targets.

Binance Battles $500 Support as Helium Eyes $10: A Turning Point for Altcoins?

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