The price of the Monero (XMR) crypto has been declining for a prolonged time frame, as it has met strong resistance and lower highs. This means that sellers have historically dominated the crypto, resulting in the loss of its growth.
Despite this, it could soon swing in the opposite direction. The Binance (BNB) crypto, on the other hand, displayed a sideways shift in the price trend as the market slowdown began. Yet, Pullix (PLX) has seen massive spikes in its presale momentum, and this could result in significant long-term gains.
Monero (XMR) Has a Prolonged Downtrend – Is a Recovery Above $260 Possible?
Monero (XMR) is trading below the 50-day and 200-day EMAs, showcasing a continued downtrend for a prolonged time frame. In addition to this, the Monero price has not gone so far from the EMAs, and the MACD generated a negative crossover, with the altcoin’s histogram also red, indicating bearishness.
The RSI is at 50, which is indicative of a neutral outlook for the Monero crypto. Despite this, technical oscillators support a bullish trend, emphasizing positive signs, implying that an uptrend could soon occur for the XRM crypto price. According to the Monero price prediction, it can end 2024 with a value of $265.66.
Binance (BNB) Failed to Give a Bullish Crossover – Can Its Value Increase in 2024?
Binance (BNB) has also experienced a notable shift in its value. The MACD indicator for the BNB price indicates that it has failed to give a bullish crossover. Furthermore, with the increased intensity of the bearish histograms, the Binance price momentum indicator showcases a strong bear attack during the last trading session.
While the tone of the Binance crypto price is bearish, the intraday growth and the prevailing uptrend could provide hope for a bull run above the $320 mark. Just in the past week, the BNB altcoin moved from $295.47 to $321.09. According to the Binance price prediction, the crypto can peak at $524 at this rate of growth.
Pullix (PLX) Will Dominate the DeFi Space With a Combination of Cex and Dex Elements
Pullix (PLX) is receiving increased attention with its blockchain ICO due to the vast technological improvements it will bring to the TradFi space. The platform will combine elements found in CEXs and DEXs while providing users with a unique opportunity to earn.
It will tackle liquidity challenges that have historically been the reason why DeFi has not seen mainstream adoption. Pullix will introduce advanced trading tools and enrich how users profit from their time on the platform. Anyone will be able to access margin trading or get access to institutional tools while also engaging in the Copy Trader feature.
The project’s presale is in stage 6 and has already sold 19 million tokens. Here, a single PLX token is offered at just $0.08, and the presale is close to raising $4.5 million. Stage 7 is fast approaching, with a price increase to $0.10. Analysts are also expecting the crypto to grow by 50x following its launch.
Summary
It’s clear that both Monero and Binance are trying to get back up in value, and this could occur by the end of the year. In the meantime, however, the Pullix crypto is maintaining solid momentum with its presale and is shaping up to be the hottest DeFi project in 2024.
For more information regarding Pullix’s presale see links below: