BlockDAG Sees Whale Purchase Exceed $3M Amid 100% Bonus Frenzy; Bullish Shift for Solana & BNB?

Recently, Solana has seen its price jump, trading between $164 and $184 with a weekly gain of 4.84% and a 10.73% increase over the past month.

Solana, BNB Benefit from Whale Purchases as BlockDAG Surges Past $3M in Buoyant Crypto Session

Solana Price Eyes Key Resistance, BNB Poised to Reclaim $600

Solana price has been fluctuating within a narrow range, showcasing resilience above the $160 support level. At the time of writing, SOL trades at $183.8, reflecting a limited gain of 0.2% over the past day. However, the token has managed to clock a 4.84% price increase over the week and a 10.73% gain over the past month.

From a technical perspective, Solana price is now encountering the next critical test at the $191.56 resistance level. A decisive breakout through this barrier could open up further price targets around $211.56, presenting a potential 15% price ascent from its current price.

On the downside, if Solana price fails to hold above the $180 support, it could pave the way for a deeper pullback, potentially finding support around the $151.56 price zone. This scenario would offer traders a more cautious yet still optimistic outlook for continued upward price movement.

BNB Price Analysis: Can Bulls Effort a Swift Recapture of $600?

BNB price is displaying resilience above the $570 support, buoyed by positive statements from Binance’s ex-CEO, Changpeng Zhao (CZ). At the time of writing, BNB trades at $580.1, reflecting a limited gain of 0.04% over the past day. However, the token has managed to clock a 7.04% price increase over the week and a 22.04% gain over the past month.

A technical analysis of BNB price reveals that bulls are preparing to challenge the $600 resistance level. The Relative Strength Index (RSI) at 54.83 signals growing buying interest. If BNB price pushes above $600, it could test the next resistance at $620, opening the door for further price advancements.

However, if BNB price dips below the $570 support, it could open up the possibility of a slide back to the $552 support level.

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