In addition to the interest in Bitcoin and Ethereum, altcoins in the top 10 also attract attention. There are especially great movements in altcoins such as BNB, SOL and XRP. In this article, detailed information about the price analysis of these three altcoins is presented.
BNB Price Analysis
BNB has been trending close to the moving averages in recent days, indicating uncertainty among market players. Flat moving averages and neutral RSI do not give a clear signal about the direction of the market. If the price falls below the support line of the triangle, the BNB/USDT pair could decline to $536. However, if the price rises from the support line and breaks the resistance level, the bulls could take an advantage and BNB could test $635. Currently, BNB is trading at $592.
Solana Price Analysis
Solana continues its upward trend. On May 19, the bears attempted to sink the price below the $162 level, but the bulls maintained a strong stance. Currently, Solana is struggling to maintain persistence above the $186 level. If the bulls can persist in this zone, SOL price could rise as high as $205. However, if the price turns down from the current level and breaks below the moving averages, the next target will be $140.
XRP Price Analysis
XRP broke above the 20-day EMA of $0.52 on May 17, but the bulls were unable to push the price higher. This shows that the bears are increasing the selling pressure. Currently, XRP is above the support line and the 50-day SMA. This could be interpreted as a price increase, but a break and close below the support line could cause XRP to fall below the critical support at $0.46. Currently, XRP is trading at $0.5366, up 5.4%.
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