SOL and BNB Price Analysis for December 4

AnalysisSOL and BNB Price Analysis for December 4



Denys Serhiichuk

Can traders expect to see lower prices of Solana (SOL) and Binance Coin (BNB) soon?

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

The situation has almost not changed since yesterday as most of the coins have not decided which way to go yet.

Top 10 coins by CoinMarketCap

SOL/USD

The rate of Solana (SOL) has declined by 0.62% since yesterday. Over the last week, the price has fallen by 6.37%.

SOL/USD chart by Trading View

Solana (SOL) is trading sideways as neither side has accumulated enough power for a sharp move. However, bears seem to be more powerful than bulls to a certain extent, as the rate could not fix above the $14 zone.

If the pressure continues to $13, one can expect a drop to the support level at $11.27.

SOL is trading at $13.38 at press time.

BNB/USD

Binance Coin (BNB) looks worse in terms of the weekly price change as the rate has declined by 7.19%.

BNB/USD chart byTradingView

It does not seem like Binance Coin (BNB) is going to rise after the false breakout of the support level at $286.6. If the daily bar closes below the $290 mark, there is a high chance to see a decline to the $280 zone at the beginning of the upcoming week.

BNB is trading at $289.7 at press time.



Learn more

Latest news

Promoting Business Longevity With Succession Planning

Founder and principal of Keller Augusta, a national, full-service search and advisory firm specializing in commercial real estate....

Elon Musk’s Tesla says DOJ seeks Autopilot documents

Tesla disclosed on Tuesday the Justice Department has sought documents related to its Full Self-Driving and Autopilot driver-assistance...

Dogecoin (DOGE) Payments on Twitter Could Get Elon Musk in Trouble in SEC, XRP-Friendly Attorney Suggests

Alex Dovbnya The XRP-friendly attorney has suggested that the SEC could end up suing Elon Musk for offering Dogecoin...

Bitcoin pumped 43% in January 2023! What to expect in February

Tune in to The Market Report at 12:00 pm ET on Tuesday, Jan. 31, to watch our...

Bio-engineering firm touts plan to ‘de-extinct’ dodo bird

A genetic engineering company has bold plans to “de-extinct” and “re-wild” the dodo bird — centuries after the...

Wormhole Wins Vote to Be Uniswap’s Designated Bridge to BNB Chain

Uniswap aims to deploy its V3 decentralized exchange on BNB Chain before its business source license expires on...

Must read

Promoting Business Longevity With Succession Planning

Founder and principal of Keller Augusta, a national,...

Elon Musk’s Tesla says DOJ seeks Autopilot documents

Tesla disclosed on Tuesday the Justice Department has...

Dogecoin (DOGE) Payments on Twitter Could Get Elon Musk in Trouble in SEC, XRP-Friendly Attorney Suggests

Alex Dovbnya The XRP-friendly attorney has suggested that the...

You might also likeRELATED
Recommended to you