As a seasoned crypto investor with battle-scarred fingers from countless market fluctuations, I can’t help but feel the exhilaration coursing through my veins as I see the bulls continuing their reign, with BNB and SOL both showing promising gains according to CoinMarketCap.
Bulls remain more powerful than bears, according to CoinMarketCap.
BNB/USD
The rate of Binance Coin (BNB) has increased by 1.34% over the last day.
On the daily chart, one should pay attention to the resistance level of $616.
If the bar approaches and surpasses that level, there could be sufficient accumulated energy for a potential price surge towards the $640-$650 region in the near future.
Binance Coin (BNB) is trading at $605.20 at press time.
SOL/USD
The price of Solana (SOL) has followed BNB, going up by 1.38%.
Technical analysis suggests that the momentum of SOL (Solana) might not be as strong as BNB (Binance Coin), indicating a potentially less bullish trend. If today’s price action strays significantly from its high, it could signal the return of sellers, potentially causing a correction towards the $170 range.
SOL is trading at $178.45 at press time.
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2024-10-29 18:10