- Ben’s coin price has declined by 14.86% in the last 2 days.
- The 24-hour trading volume of Ben crypto has increased by 105%.
Ben coin price chart displays that the price has been in sellers’ grip and is declining by facing resistance from the trendline. It has shown price rejection from the 20-day exponential moving average, dropping by 13% in a few hours. It has declined by 48% in the last 24 days. Ben (BEN) coin is a cryptocurrency that operates on the Ethereum platform.
Since December 2023, the Ben coin price has followed the bearish trend and reached an all-time low of $0.00000374 on February 01, 2024. The Ben price was negative last month and sellers have been dominating for the long term. According to the technical charts, the Ben coin price has been struggling below the $0.0000100 mark.
Current Price – $0.00000520 Price Prediction – $0.00000447 (15.09%)
Market cap – $1.94 billion Fear & Greed Index – 79 (Extreme Greed)
Volume – $220 million Green days – 13/30 (57%)
Sentiment – Bullish RSI – 42
Volatility – 19.12% 200-day EMA – $0.00000368
Ben Price Prediction; Will Buyers Dominate Further?
The current market price of Ben coin is $0.00000520 which has dropped by 5.93% in the last 24 hours. The market capitalization is $1.94 Billion and the fully diluted market cap is $1.92 Billion. The total supply and circulating supply is 420.69 Trillion.
Based on the technical chart, the Ben crypto price has been in a bearish trend and falling by forming lower lows and lower highs. If the price slips below the $0.00000450 level then sellers may eye for an all-time low.
On the other hand, if the Ben coin price bounces back and surpasses the trendline, buying momentum for the short term can be expected. Suppose the price rises and manages to sustain the last swing high, then buying pressure for the long term can be seen and a trend reversal can be expected.
The price fluctuations can be due to a variety of factors, including market sentiment, technological developments within the BEN network, and broader economic conditions that influence cryptocurrency markets.
For those interested in a deeper dive into BEN coin’s performance metrics or looking to explore comprehensive price analysis of other cryptocurrencies, Novax is a recommended resource. The platform offers detailed analytics and up-to-date information that can help users make informed investment decisions.
Technical Analysis of Ben Coin Price Over 4-H Timeframe
In a 4-H time frame, the Ben crypto price has formed a descending triangle pattern and taking support on the $0.00000500 level. Currently, the Ben coin price is struggling between the $0.00000500 and the 200-day exponential moving average.
Suppose the Ben crypto price fails to defend the support level of $0.00000500 and sustains then sellers may become confident and it may keep declining. If the sellers remain strong then it may record a new all-time high.
Alternatively, if the Ben coin price surpasses the 200-day exponential moving average and trading volume increases then buying momentum for the short term can be expected.
According to the technical indicators, RSI is at 42 and heading toward the overbought zone indicating a negative forecast. Ben coin price is trading below the significant moving average which showcases the bearish trend.
Conclusion
Ben coin price has been in a bearish trend and has dropped by 47% in the past 24 days. It has been falling by facing resistance from the trendline and recently it has faced resistance from the trendline and dropped by 14% in a few hours. Per the technical analysts, the Ben crypto price may generate a buying signal over the 20-day exponential moving average but sellers may become stronger below the $0.00000500 mark.
Technical Levels
Resistance Levels: $0.00000800 & $0.0000100
Support Levels: $0.00000500 & $0.00000400
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.