Binance coin was one of Monday’s biggest gainers, as the token rebounded following a move close to a key support point on Sunday. The move pushed the price near a one-week high, and came as the global crypto market cap fell 0.07% lower as of writing. Solana also dropped, following a recent bull run.
Binance Coin (BNB)
Binance coin (BNB) was a notable gainer on Monday, as the token rose by nearly 5% to start the trading week.
After falling to an intraday low of $232.01 earlier in today’s session, BNB/USD rose to a peak of $244.80.
This resulted in BNB hitting its strongest point since last Tuesday, when the token climbed to a high of $246.90.
From the chart, it appears that this latest rally occurred as the relative strength index (RSI) broke out of a ceiling at 48.00.
At the time of writing, the index is tracking at 49.33, with the next visible point of resistance at 52.00.
Should the index reach this point, there is a good chance that BNB will be near $250.00.
Solana (SOL)
After climbing to a two-month high last week, solana (SOL) was in the red on Monday, falling for a second straight day.
SOL/USD hit an intraday low of $20.57, which comes less than 24 hours after price peaked at $21.53.
The move appears to be a result of profit taking, since solana reached its highest point since May 6, this past Saturday.
Looking at the chart, it seems that sentiment is still somewhat bullish, as traders opted to reject a breakout below $20.00.
As of writing, the token is trading at $21.09, with the 10-day (red) moving average still upward facing.
Overall, the recent decline comes following a collision with a ceiling at $22.00.
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Could solana move back above $22.00 in the coming days? Let us know your thoughts in the comments.
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