The cryptocurrency market is filled with assets that are attracting significant attention and high market value. Binance Coin (BNB), Solana (SOL), and Ripple (XRP) are among the cryptocurrencies that long-term investors are particularly focused on. Despite recent price increases, SOL and BNB have not reached their all-time highs. So, what are market analysts predicting for these cryptocurrencies?
Binance Coin (BNB) Price Dynamics
While Bitcoin (BTC) struggles to stay above a certain level, BNB Coin is also negatively affected. At a price of 542 dollars, BNB Coin failed to surpass the 590 dollar resistance and bounced back to the 520 dollar support. A long upper wick signals quick profit sales by investors and significant support levels in downward movements are at 520 dollars and 460 dollars. In the case of an upward breakout, the targets are 645 dollars and 692 dollars.
Solana (SOL) Price Prediction
SOL is seeing strong buying at the 163 dollar level, maintaining investors’ medium and long-term expectations. However, failure to break resistance levels is a bearish signal, and strong sales could bring SOL’s price down to 126 dollars. On the other hand, if SOL is supported by BTC’s rise or new airdrops, it can reach the targets of 205 and 267 dollars.
Ripple (XRP) Price Expectations
The gradual reduction in the impact of the SEC’s harsh approach to cryptocurrencies is increasing optimism for XRP’s future predictions. Short-term price targets for XRP are above 0.67 dollars, with levels of 0.74 and 0.94 dollars upon closing. Possible declines, on the other hand, are being watched at levels of 0.58 and 0.52 dollars.
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