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SOL and BNB Price Analysis for April 29

Apr 29, 2024

Top coins by CoinMarketCap

The Solana (SOL) price has decreased by 4.14% in the last 24 hours. Looking at the daily chart, the price of SOL continues to drop after yesterday's bearish close. If this downtrend persists and the candle closes around $130, there is a possibility of testing the support level at $118.10 soon. At present, SOL is trading at $136.87.

Image by TradingView

Binance Coin (BNB), on the other hand, has fallen by 2.38% since yesterday. Technically, the price of BNB remains in a sideways trend as there is no clear dominance from either side at the moment. Nonetheless, if the price fails to move back above the crucial zone of $600 soon, there might be a further correction towards the $560 region. Currently, BNB is trading at $589.8.

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