BNB, ADA and SOL Price Prediction for July 3

by

As a researcher with experience in cryptocurrency market analysis, I’ve been closely monitoring the recent price trends of Binance Coin (BNB), Cardano (ADA), and Solana (SOL). According to the data from CoinMarketCap, all three coins have experienced significant declines over the last 24 hours.

The prices of the coins keep going down, according to CoinMarketCap.

BNB, ADA and SOL Price Prediction for July 3

BNB/USD

The rate of Binance Coin (BNB) has declined by 3.31% over the last 24 hours.

BNB, ADA and SOL Price Prediction for July 3

When examining the daily chart, it’s important to consider the closing price of each candle in relation to the $551.2 support level.

As a cryptocurrency investor, I believe that if the price action comes close to reaching the resistance level around $530-$540, the accumulated energy from previous buying and selling activity could potentially lead to a breakout and push the price further upwards within this range.

BNB is trading at $559.3 at press time.

ADA/USD

Cardano (ADA) has followed the drop of BNB, going down by 0.90%.

BNB, ADA and SOL Price Prediction for July 3

If the cost of ADA temporarily surpasses its previous resistance point at $0.4210 without holding there, this could be considered a deceptive breakout. Should the subsequent bar finish significantly away from this price, bulls may lose control, potentially resulting in a downward trend towards the $0.39-$0.40 zone.

ADA is trading at $0.4091 at press time.

SOL/USD

Solana (SOL) is not an exception to the rule, falling by 3.42%.

BNB, ADA and SOL Price Prediction for July 3

Based on a technical analysis perspective, yesterdays price surge in SOL has been incorporated into its current rate. If today’s candle ends near the present levels, it could indicate the beginning of a potential correction towards the $120-$130 range.

SOL is trading at $142.71 at press time.

Read More

2024-07-03 18:14