NEO, Binance Coin (BNB) and Uniswap (UNI) turned bearish over the weekend and could see further losses in the coming hours.

The cryptocurrency market seems to be sinking further into the red as the weekend approaches. The top 20 crypto-currencies have all lost more than 10% in the past 24 hours as we see the biggest correction in months. The financial currency (NBB) has lost 14% in the past 24 hours, with the risk of falling below $450 over the weekend. During the recent correction, NEOs have lost almost 20% of their value and they could fall further to $70 if the market does not recover. Uniswap is still in the top 10 after losing 15% of its value, and it will have to defend its $29 support area to avoid further losses.

NBB price forecast

#bnb is not a bad thing.

A daily close above $583 would not constitute a downtrend.

Still for 21 MA at $473 a day.

The price action was wild. $bnb has value on its side and gives you the advantage of being a bnb user. People want and use this crypto. pic.twitter.com/NVshDBWsIf

– Crypto ₿ethany (@CryptoBethany) April 23, 2021

A look at the 4-hour chart of BNB/USDT shows that the Binance coin is still in bearish mode, although it has risen 5% in the past hour. The bulls were able to defend support at $452, allowing BNB to rebound to $490. It is still trading within the 100-day simple moving average ($490). If price continues its recent momentum, it could try to break above $511 over the weekend.

Chart 4 hours NBB/USDT. Source: Coincide

However, the RSI and MACD show that the declines are still under control and could trigger a further correction. If the correction persists, NBB could lose support at $452, which would highlight support at $430.

NEO Price Forecast

NBBs are in a similar situation. The NEO/USD pair is up 2% in the past hour and down 16% in the past 24 hours, with the 4-hour chart currently in bearish mode. The cryptocurrency has defended support at $72 and is slowly moving towards a resistance point at $84.

4 hour chart of the NEO/USD. Source: Coincide

If the bulls recover, NEO could try to walk away from $90 and head towards $100 over the weekend. Still, the technical indicators are currently bearish and point to further losses before the weekend. If support at $72 is not defended, NEO/USD could drift towards the 200-day SMA ($63.02).

UNI Price forecast

Uniswap (UNI) has followed the market and lost 13% of its value in the past day. The UNI/USD pair is looking incredibly bearish right now. If the current trend continues, UNI will be forced to defend the 28-USD pivot point. Further losses could take UNI below $25, a price not seen in weeks.

Chart 4 hours UNI/USD. Source: Coincide

The downward cycle could continue as the MACD is in the red zone. The RSI is below 50, indicating a negative cycle.

However, UNI could recover if it gets help from the market in general. During the rally, UNI will break above the $32 level and try to break through resistance at $35. A prolonged rally in the market could help the cryptocurrency reach another weekly high of $39.44.

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