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The rates of most of the coins have come back to the green zone, according to CoinMarketCap.
SOL/USD
The price of Solana (SOL) has increased by 1.77% over the last day.
On the daily chart, the rate of SOL is trading within yesterday’s bar. The volume keeps falling, which means none of the sides is ready for a sharp move.
Related
All in all, ongoing consolidation in the zone of $160-$170 is the most likely scenario.
SOL is trading at $163.65 at press time.
BNB/USD
Binance Coin (BNB) has followed the growth of SOL, going up by 0.91%.
From the technical point of view, the rate of BNB is trading similar to SOL. Neither buyers nor sellers are dominating, which means there are low chances to expect any sharp moves soon. In this case, sideways trading in the narrow range of $550-$560 is the more likely scenario.
BNB is trading at $558.79 at press time.
