As a researcher with extensive experience in cryptocurrency markets and technical analysis, I find the current trend of major coins like Solana (SOL) and Binance Coin (BNB) intriguing. According to recent data from CoinMarketCap, buyers have been unable to seize the initiative at the beginning of the week.
Buyers could not seize the initiative at the beginning of the week, accoding to CoinMarketCap.
SOL/USD
The rate of Solana (SOL) has dropped by 4.14% over the last 24 hours.
The price of Solana (SOL) on the daily chart has been trending downwards since yesterday’s bearish finish. If this downtrend persists and the price reaches approximately $130 during the next candle closure, there is a possibility that the support level at $118.10 will be retested in the near future.
SOL is trading at $136.87 at press time.
BNB/USD
Binance Coin (BNB) is less of a loser, falling by 2.38% since yesterday.
As a crypto investor, I’ve noticed that the price action of Binance Coin (BNB) has been ranging lately. Neither the buyers nor the sellers are in control, resulting in a sideways trend.
As a crypto investor, I would say: If the price fails to rebound above the crucial level of $600 in the near term, be prepared for potential downturn towards the $560 mark.
BNB is trading at $589.8 at press time.
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2024-04-29 20:32