Rare sightings of green were noted in the crypto market that was painted in red. Solana [SOL] and Binance Coin [BNB] were the only assets that were bagging gains amidst a massive slump. Assets like Bitcoin [BTC] and Ethereum [ETH] lost support and fell to lower prices. The overall market cap of the crypto-verse mirrored the ongoing sentiment as it was noted at $1.31 trillion.
SOL was one among the very few coins that made an impact despite entering the market late. The altcoin witnessed massive growth and went on to hit a high of $58. At the time of writing, the altcoin had endured a downfall and was trading at $29.01. The altcoin was seen bagging dainty gains of 0.55% over the last couple of hours.
Furthermore, the asset retained itself as the fourteenth largest cryptocurrency with a market cap of $7.68 billion.
Solana’s journey towards $30 peppered
The one-day price chart of SOL noted both bears and bulls fighting for a spot. The Parabolic SAR indicator laid out dotted lines above the candlesticks. While this acted as a resistance line against any possible uptrend, the MACD indicator delivered a similar notion. The MACD line remained below the signal line forming a bearish crossover.
The Relative Strength Index indicator noted a sellers’ sentiment in the Solana as the marker was below the 50 median.
Binance Coin [BNB]
Binance Coin seemed to be untethered by the ongoing drama with Binance and regulators from all around the globe. The asset was trading for $313, with a 3% surge over the last 24-hours. Even though the altcoin’s market cap noted a heckle, it managed to maintain itself in the top five.
The one-day price chart of BNB observed bullish momentum. The Chaikin Money Flow indicator remained with the bulls and the Awesome Oscillator indicator formed green closing bars and announced the presence of the bulls. Therefore, unlike the other assets, BNB could be making headway in terms of price.
Additionally, a buyers’ market was noted in the one-day price chart of BNB, the Money Flow Index affirmed.