As a seasoned researcher with years of experience in this dynamic crypto market, I find myself intrigued by the latest price movements of Solana (SOL) and Binance Coin (BNB).
The weekend’s correction might have finished, according to CoinStats.
SOL/USD
The price of Solana (SOL) has gone up by 0.56% over the last day.
On a day-to-day graph, the Solana rate finds itself more near the resistance threshold than the support level. Should the bullish momentum persist, it’s likely we’ll witness a challenge of the $259.80 mark, potentially leading to a breach and subsequent movement towards the $270 region.
SOL is trading at $251.35 at press time.
BNB/USD
Binance Coin (BNB) is more of a gainer than SOL, rising by 2.05%.
In simpler terms, the cost of BNB isn’t showing clear signs of either a downtrend (bearish) or an uptrend (bullish), despite being close to the resistance level. Therefore, it’s crucial for traders to focus on where the candle closes, particularly its highest point, as it might provide insights into the potential direction of the market.
If it happens near $675, there is a possibility to witness a blast to the vital zone of $700.
BNB is trading at $662.60 at press time.
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2024-11-25 17:34