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Buyers could not seize the initiative at the beginning of the week, accoding to CoinMarketCap.
SOL/USD
The rate of Solana (SOL) has dropped by 4.14% over the last 24 hours.
On the daily chart, the price of SOL keeps falling after yesterday's bearish closure. If the decline continues and the candle closes near $130, there is a chance to see a test of the support level of $118.10 soon.
SOL is trading at $136.87 at press time.
BNB/USD
Binance Coin (BNB) is less of a loser, falling by 2.38% since yesterday.
From the technical point of view, the price of BNB keeps trading sideways, as none of the sides is dominating at the moment.
However, if the rate does not come back above the vital zone of $600 shortly, one can expect a further correction to the $560 area.
BNB is trading at $589.8 at press time.
Alex Dovbnya
Tomiwabold Olajide
