Solana and Binance Coin have established their presence in the cryptocurrency market. Solana has experienced notable growth in the DeFi, NFT, and Web3 markets since its inception in April 2019. As a blockchain network, it competes directly with other platforms, such as Ethereum.
Binance Coin (BNB) reignited its price recently after undergoing key technical tests. With Bitcoin’s stagnation above $66,000 contrasting with BNB’s sudden spike near the $600 level, the top exchange token looks poised to retest critical upper resistance levels soon.
However, the recent market slump had affected both coins. SOL is down by 20% in the last two days and BNB by 3%. With the whole cryptocurrency market being volatile, here is our price prediction for Solana and Binance Coin for the week.
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SOL price prediction for the week
Various factors, such as market conditions, price action, developments, supply, and use cases, will determine whether Solana’s SOL can shoot up or go down in price during the week.
Based on its behavior at the start of 2024, cryptocurrency experts at Changelly offer their price prediction for Solana SOL for the week. For this timeframe, SOL’s minimum price is anticipated to be $141, and its maximum is anticipated to be $143. Changelly experts predict that the SOL price is unlikely to reclaim the $150 level this week.
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How high can BNB go this week?
BNB had broken the key $600 psychological level recently. However, it was shortlived as the price slumped alongside the whole cryptocurrency market cap.
Drawing insights from BNB’s behavior at the beginning of 2024, cryptocurrency experts at Changelly have offered their price projection for Binance Coin for the week.
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During this period, it is anticipated that the coin’s price may reach an average of $548. Within the same period, the minimum expected price is $550, while the maximum price target is set at $578. However, the entire prediction could depend on the overall market sentiment.