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SOL and BNB Price Prediction for May 6

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Mon, 6/05/2024 - 16:03
SOL and BNB Price Prediction for May 6
Cover image via www.tradingview.com

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None of the sides is dominating at the beginning of the week, according to CoinStats.

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Top coins by CoinStats

SOL/USD

Solana (SOL) is one of the biggest gainers today, going up by 4.47%.

Image by TradingView

On the daily chart, the price of SOL is approaching the resistance level of $158.50. If the bar closes near it or above, the accumulated energy might be enough for a continued upward move to the $160-$170 zone.

SOL is trading at $154.50 at press time.

BNB/USD

Binance Coin (BNB) is less of a gainer than SOL, rising by 0.34%.

Image by TradingView

Sideways trading remains the more likely scenario for BNB for the next few days, as the rate is far from the main levels.

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In this regard, ongoing consolidation in the area of $580-$610 is the more likely scenario for the current week.

BNB is trading at $590.9 at press time.

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