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BNB and SOL Price Analysis for December 25

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BNB and SOL Price Analysis for December 25
Price Analysis

Mon, 25/12/2023 – 15:40

BNB and SOL Price Analysis for December 25
Cover image via www.tradingview.com

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Traders might have started fixing their profits as most of the coins have come back to the red zone.

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BNB/USD

The rate of Binance Coin (BNB) has declined by 1.19% over the last day.

Image by TradingView

On the daily chart, the price of BNB is not ready yet for a continued rise. If buyers want to get back in the game, they need to restore the resistance of $274.95.

Only in that case is there a chance to see a breakout, followed by a move to the $280-$290 zone.

BNB is trading at $266.30 at press time.

SOL/USD

Solana (SOL) is the exception to the rule, rising by 2.17%.

Image by TradingView

On the daily chart, traders should pay attention to yesterday’s bar peak. If today’s candle closes near it, the upward move may continue. Thus, there are no bearish signals yet, which means that buyers keep holding the initiative.

SOL is trading at $115.24 at press time.

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