Despite the fluctuations in the Bitcoin market, some cryptocurrencies have achieved significant gains. Solana (SOL), Binance Coin (BNB), and Avalanche (AVAX) are catching the attention of investors. SOL price is reaching record levels with investor interest in the ecosystem, while BNB and AVAX are also on an upward trend.
Solana’s Rise
Solana, which has long been expected to reach the $205 target, saw a sudden surge in interest thanks to platforms that turned into meme coin casinos and quickly reached its target. Although the price has now declined slightly, if the interest in the ecosystem continues, further upward movement is anticipated. If the $205 resistance is breached, a new target of $260 could be set. However, the overbought RSI and the $156 support in the event of a possible decline become important.
The Situation with Binance Coin
While BNB aims to reach an all-time high, the decline of Bitcoin and the ongoing lawsuit with Binance have shaken investors’ confidence. Nevertheless, the technical indicators are promising. If the price exceeds $591, a resistance test of $645 could be possible. However, if the $534 support is lost, the price could drop to $509 and $460 levels.
Developments in Avalanche
AVAX rapidly recovered from the $50 levels, increasing optimism. However, a decline in Bitcoin could also cause AVAX to fall. Nevertheless, if closures occur above $61.5, it is expected that the price will climb to $87 and then to $100. If the rise does not occur, the price could fall back to $50.
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