Recent movements in the cryptocurrency market lead to changes in positions among major investors, stirring interest in several assets.
XRP: Accumulation by Whales Amid Sell-Off
XRP has dropped about 4% and is currently trading closer to $2.92 after briefly rising to $3.14. Despite panic among retail investors, large holders have accumulated over 440 million XRP worth nearly $3.8 billion. Some analysts believe that breaking the $3.40 level could lead to a rise to $5.67.
Solana: Profit-Taking Pushes Price Down
Solana's price has fallen about 3%, primarily due to profit-taking. The asset dipped below key support around $180. Experts note that Solana has formed a 'head and shoulders' pattern, with next key support levels at $176, $169, and $159.
BNB: Poised for a Breakout as Funds Rotate
Analysts believe that BNB may be the next asset attracting investor attention as capital exits XRP and Solana. Furthermore, BNB is showing signs of forming a symmetrical triangle, which is generally a bullish signal.
The current situation in the cryptocurrency market requires careful monitoring. Shifts in positions among major investors and technical indicators on BNB may signal possible changes in the coming weeks.
