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BNB and SOL Price Analysis for March 5

Sun, 03/05/2023 - 12:14
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Denys Serhiichuk
Which altcoins have found support zones?
BNB and SOL Price Analysis for March 5
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The last day of the week is neither bullish nor bearish as the rates of some coins are rising while others keep falling.

Top coins by CoinMarketCap


Binance Coin (BNB) has gained the most value from the list today, going up by 0.30%.

BNB/USD chart by TradingView

Despite the slight rise, Binance Coin (BNB) remains more bearish than bullish as the price stays near the support at $281.1. Thus, the selling volume is low, confirming the absence of buyers. If bulls want to seize the initiative, they need to restore the rate above the vital $300 zone.

BNB is trading at $290.5 at press time.


The rate of Solana (SOL) has increased by 0.14%.

SOL/USD chart by TradingView

From the technical point of view, Solana (SOL) is trading similarly to Binance Coin (BNB) as its price is also located near the support. If bears' pressure continues and the candle closes near the $20 mark, one can expect a breakout followed by an impulse to the $19 zone and below. Such a scenario is relevant until the end of the upcoming week.

SOL is trading at $21.26 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at