Binance Coin, Bitcoin Cash, Solana Price Analysis: 12 November
While the overall market saw a pullback, top altcoins like Binance coin, Solana, and Bitcoin Cash were no exceptions.
All these cryptos reached their respective multi-week milestones during the last week. After which, they flashed correction signs with weakening near-term technicals.
Binance Coin (BNB)
Source: TradingView, BNB/USDT
BNB started a bullish course of action by moving between parallel lines for five weeks until breaching its upper channel. The alt registered a staggering 92% 47-day ROI. This rally saw a halt after the price action poked its nearly six-month high on 7 November.
The bears ensured to counter the rally by showing resistance at the $648-mark. After which, the price withdrew by nearly 8% over the past five days.
At press
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