The post CEX Tokens To Watch Out For As CZ To Be Released Today appeared first on Coinpedia Fintech News
With Changpeng Zhao getting an early release before the weekend, the crypto market is witnessing a boost in momentum. The attention is mainly focused on Binance, but the CEX tokens are likely to scale up in this crypto bull market.
So, let’s take a closer look at the top CEX tokens to buy for quick gains in the bull run.
Top CEX Tokens To Buy:
OKB (OKB)
In the weekly chart, the OKB price action reveals a declining trend since the overhead rejection in March. Dropping from its 52-week high of $73.87, the OKB price hit a low of $30.40.
However, in one month, the weekly closing stood strong above the $35 support level, leading to a consolidation range. Within the range, the OKB price trend is seizing a bullish reversal with a double-bottom pattern.
A potential breakout rally is likely to scale to 1.618 Fibonacci levels at $87.21. Further, with an upside target of 106%, the MACD bullish crossover, and the release of CZ, OKB is one of the top CEX tokens to buy.
Binance Coin (BNB)
In the weekly chart, the BNB coin price shows a falling channel breakout rally gaining momentum. It has surpassed the 50% Fibonacci level and has reclaimed the $600 mark.
With a morning star pattern forming and an intraday gain of 1.26%, Binance’s bull run chances are increasing. The bullish trend in the MACD indicator and the 50-day and 100-day EMA giving a bullish crossover means the CEX token price will likely explode.
Further, with the ex-CEO of Binance, CZ, being released this Friday, the broader market sentiment towards the Binance coin is extremely positive. Hence, based on the Fibonacci levels, the bullish trend in Binance coin price will likely hit the $658 mark at 78.60% level.
Curious if the Binance Coin price will hit $1000 in 2024? Find out now in Coinpedia’s BNB price prediction for 2024 to 2030.
Gate Token (GT)
The GATE token shows a bullish reversal trend in the weekly chart. The exchange token is returning as they brought a crypto market against momentum.
Being positive for the last three weeks, the GT token has increased by almost 25%. Currently, the bull run is heading to reclaim the $10 psychological mark.
Furthermore, the bullish crossover in the weekly chart between the MACD and signal lines reveals a boost in the bullish trend. Furthermore, a double bottom pattern is visible, fueling the ongoing rally, and using the trend-based Fibonacci levels, the CEX token is likely to hit the $15 mark.