Solana (SOL), Binance Coin (BNB) and VeChain (VET)

What about coins? Solana (SOL), Binance Coin (BNB), VeChain (VET) How is the cryptocurrency market performing? Below you’ll find an overview of its prices and the latest news.

BNB Under Pressure: Bounce Back or Further Fall?

BNNB Recently, it has continued to fall towards immediate support. $560This shows that the bears are maintaining their selling pressure.

If the price bounces back strongly from this level, the bulls can defend it and carry the BNB/USDT pair to the 20-day EMA ($602), which is likely to act as a strong obstacle.

A drop from the 20-day EMA increases the probability of a drop below $560, and the pair $536. To signal that the selling pressure is easing, buyers will need to push the price above the moving averages.

A close above $635 can resume the bullish momentum.

Solana: Bears are under control

Recently, the bulls have not been able to drag Solana (SOL) back into the descending channel pattern, indicating that the bears have turned the support line into resistance.

On June 23, the bears intensified selling pressure and attempted to sink the SOL/USDT pair to the critical support. $116.

This level is likely to attract some firm buying from the bulls, but the recovery is likely to face stiff resistance at the 20-day EMA ($144).

If the price turns down from this level, the bears will attempt to sink the price below $116 and a drop to $100 is possible. On the upside, the buyers will need to break out of the 50-day SMA ($156) and pave the way for a surge to $100. $189.

Cryptocurrency VeChain Performance: Comparison with Solana and BNB

The cryptocurrency market has experienced a major drop, with Bitcoin (BTC) falling to almost $60,000Other assets such as VeChain (VET) were also hit hard and fell.

VET has fallen 5.8% daily, 12.3% weekly, 22.6% over 14 days, and 31.5% monthly. The recent decline is likely due to BTC miners selling off their holdings, which has pushed mining prices up. $86,000.

Investor fatigue is growing due to record profit-making sell-offs, several new capital inflows, and heavy withdrawals from BTC ETFs.

Therefore, predictions for VeChain (VET) are mixed. Captain Chavez We predict that VET could hit $1.37 within the next year, which would require a growth of 5,600% to happen.

but, Changely VET is not expected to cross the $1 threshold until at least June 2032, with a high forecast of $1.02 for that month.

Telegaon Painting a more bullish outlook, he predicts VET will surpass $1 and reach a high of $1.48 in 2027. Despite Captain Chavez’s optimism, it seems unlikely that VET will hit $1 within the next year given the current lack of traction.

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