Category: Crypto News, News

SOL and BNB Price Prediction for May 6

By │Published On: May 10, 2024│1.1 min read│Views: 386│0 Comments on SOL and BNB Price Prediction for May 6│


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

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.

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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About the author


Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.

Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.

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