E Point Perfect
Crypto

SOL and BNB Price Analysis for December 4

[ad_1]


article image

Denys Serhiichuk

Can traders expect to see lower prices of Solana (SOL) and Binance Coin (BNB) soon?

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

The situation has almost not changed since yesterday as most of the coins have not decided which way to go yet.

Top 10 coins by CoinMarketCap

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%.

SOL/USD chart by Trading View

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.

If 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%.

BNB/USD chart byTradingView

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.

[ad_2]

Source link

Related posts

Majority of Bitcoin Indicators Are Saying Bottom Is In

New Dogecoin and Shiba Inu Pools Added to Binance’s Liquidity Swap Platform

XRP Holders Rejoice on Latest Scheduling Update, Here’s Why

Nearly Half of Americans Have Heard of NFTs

Aptos (APT) Hyped Tokenomics Finally Unveiled Ahead of Listing on Binance and FTX

XRPL to Provide Tech Basis for at Least Six Stablecoins