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A new week has started with ongoing bulls’ dominance, according to CoinMarketCap.
SOL/USD
The rate of Solana (SOL) has risen by 3.82% over the last 24 hours.
Despite today’s growth, the price of SOL has not yet fixed above yesterday’s peak. Thus, if today’s bar closes with a long wick, bears may seize the initiative, which may lead to a correction to the $225-$230 range.
SOL is trading at $243.32 at press time.
BNB/USD
Unlike SOL, the price of Binance Coin (BNB) has dropped by 0.67% since yesterday.
On the daily chart, the rate of BNB keeps accumulating energy for a further move. The absence of buyers and sellers’ energy is confirmed by the declining volume.
Related
In this case, sideways trading in the area of $610-$650 is the more likely scenario.
BNB is trading at $620.77 at press time.
