Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The situation has almost not changed since yesterday as most of the coins have not decided which way to go yet.
SOL/USD
The rate of Solana (SOL) has declined by 0.62% since yesterday. Over the last week, the price has fallen by 6.37%.
Solana (SOL) is trading sideways as neither side has accumulated enough power for a sharp move. However, bears seem to be more powerful than bulls to a certain extent, as the rate could not fix above the $14 zone.
Denys SerhiichukIf the pressure continues to $13, one can expect a drop to the support level at $11.27.
SOL is trading at $13.38 at press time.
BNB/USD
Binance Coin (BNB) looks worse in terms of the weekly price change as the rate has declined by 7.19%.
It does not seem like Binance Coin (BNB) is going to rise after the false breakout of the support level at $286.6. If the daily bar closes below the $290 mark, there is a high chance to see a decline to the $280 zone at the beginning of the upcoming week.
BNB is trading at $289.7 at press time.
Dan Burgin
Alex Dovbnya
Vladislav Sopov