Throughout the past week, the cryptocurrency market saw a drop in Bitcoin prices, with BTC falling below $62,000. This decline was influenced by ongoing net outflows in the Spot Bitcoin ETF sector and concerns related to the upcoming Federal Reserve decision. The market is expected to remain volatile, leading to questions about price targets for Ethereum (ETH), Binance Coin (BNB), and Solana (SOL).

Ethereum (ETH)

Following a 12% decrease in April, Bitcoin faced challenges in maintaining stability within its current price range, showcasing its weakest performance since November 2022. Investors showed caution through consecutive days of net outflows, indicating a hesitancy to buy until a sustained upward trend is observed. Ether, specifically, faced rejection at the 50-day SMA and could potentially drop to $2,850 after reaching $3,056.

Binance Coin (BNB)

BNB Coin found support at $592 but experienced a daily loss of 2.3%. Resistance at $635 is being strongly defended by bears, potentially leading to further price declines. If selling pressure continues, the price could reach $495. However, a recovery from moving averages might propel BNB Coin prices to $635 and $692.

Solana (SOL)

Solana (SOL) has been on a downward trend for around 40 days, negatively impacting SOL Coin bulls. The coin's price is expected to test the support level at $126. Two scenarios are likely: SOL Coin either bounces from $126, showing strength at lower levels and aiming for $146 and $162, or it breaks below $126, targeting new lows under $107. The market outlook for SOL Coin and other cryptocurrencies may become clearer after news on Wednesday.

Overall, investors should remain cautious of potential downward risks in the market as volatility persists. For further updates, refer to COINTURK NEWS: Cryptocurrency Market Trends and Price Predictions.