- Back in August 2017, BNB was priced around **$0.10** per coin.
- With a $100 investment, you could have purchased **1,000 BNB**.
- Fast forward to May 2021, BNB reached its all-time high of **$686.31**.
- If you held onto those 1,000 BNB coins, your investment would be worth an incredible **$686,310**!
That's a mind-blowing **686,210% return on investment**! BNB's impressive rise reflects the growth of the Binance ecosystem, making it one of the top-performing cryptocurrencies in recent years.
#Debate2024 #BinanceLaunchpoolCATI #FTXSolanaRedemption #BNBPrice $BNB

The post Bitcoin Price About $60K! What’s Driving the BTC Price Surge? appeared first on Coinpedia Fintech News
With a jump of 2.20% within the past day, the price of Bitcoin has recorded a high of $59,976 today. Moreover, amid increased bullish action, the star crypto has recorded a trading volume of $30.856 Billion.
With this, people are curious about the recent Bitcoin price surge. Speculations such as increased whale/institutional activities, and the upcoming FOMC meeting are considered to be the prime reasons as per some reports.
Amid rising FOMO in the crypto market, our dedicated analysts have written a detailed article uncovering the market sentiments, price analysis, and possible short-term price action of the largest cryptocurrency by market capitalization.
BTC Price Retests Its $60,000 mark!
After trading under a negative influence for a brief period, the Bitcoin price has surged over 10% within the past seven days. This has resulted in the market leader breaking out of its important resistance level of $58K and heading toward its important psychological level of $60,000.
TradingView: BTC/USDT
During the late Asian trading hours, the BTC price added 3.38%, from $57,662 to $59,605. Moreover, with the recent bullish action, it has successfully retested its important resistance/support zone around the $58,000 level.
The Moving Average Convergence Divergence (MACD) has recorded a rising green histogram with a bullish convergence in its 1D time frame. This highlights increased bullish action for the crypto token in the market.
Further, the EMA 50/200-day has started stabilizing by recording a neutral price trend. However, the 50-day shows a potential bullish reversal, suggesting a positive outlook in the coming time.
Will Bitcoin Price Hit $100K This Year?
If the market continues to gain momentum, the BTC crypto price will retest its resistance level of $60,178. Maintaining the price at that level will set the stage for Bitcoin to head toward its upper resistance level of $66,726 during the upcoming weeks.
On the flip side, if a trend reversal occurs, it will retest its support trendline of $58,000. Failing to hold its price at that level could result in it plunging toward its lower support level of $55,000 this month.
Also read, Bitcoin Price Prediction 2024 – 2030

Solana Nears Critical Resistance Levels: Solana Rally Incoming?

Solana (SOL) is approaching pivotal resistance zones across multiple timeframes, suggesting that a significant price movement could be on the horizon. Traders and investors should closely monitor these levels, as a breakout or rejection here could set the tone for SOL's next major trend.
Solana (SOL) is approaching pivotal resistance zones across multiple timeframes, suggesting that a significant price movement could be on the horizon. Traders and investors should closely monitor these levels, as a breakout or rejection here could set the tone for SOL's next major trend.

4-Hour Chart Analysis
Resistance Level: SOL is confronting a formidable resistance at $139.38, a level it has tested multiple times without success. This repeated testing indicates that the market is intensely watching this price point.
Momentum Indicator: The Relative Strength Index (RSI) is at 60.61, reflecting moderate bullish momentum but edging towards overbought conditions. This suggests that while buyers are in control, the asset may be nearing a short-term peak.
Key Support: Immediate support is identified at $130.03, aligning with the Weekly Value Area Low (wVAL). This level has acted as a safety net in recent trading sessions.
Outlook: A decisive break above $139.38 could pave the way towards the next target at $143.81 (monthly Point of Control, mPOC). Failure to breach this resistance may result in a pullback towards the $130.03 support.
Daily Chart
Daily Chart Analysis
Resistance Zone: On the daily timeframe, SOL remains trapped below the significant resistance at $143.81, with an upper boundary around $151.84 (wVAH). This zone has been a barrier to upward movement.
Support Zone: Strong support exists between $121.19 and $130.03, offering potential re-entry points for bullish traders.
Momentum: The RSI stands at 46.23, indicating neutral momentum without significant divergence. This neutrality means the market could swing in either direction.
Outlook: Overcoming the $139.38 and $143.81 resistances could propel SOL towards the $151-$152 range. Conversely, dropping below $130 might lead to a retest of the $121 support area.
3D chart
3-Day Chart Analysis
Macro Resistance: A broader resistance zone lies between $143.81 and $151.84, where SOL has faced rejection since early September. This area is crucial for the long-term price trajectory.
Support Zone: The $121.19 level has consistently provided strong support since August, underscoring its importance.
RSI Analysis: With an RSI of 45.97, the momentum is neutral, indicating neither strong bullish nor bearish dominance.
Outlook: Breaking above the $143.81 resistance could trigger a rally towards $174.35 (2-month Value Area High, 2mVAH). Failure to do so might see SOL revisiting the $121.19 support.
Weekly Chart
Weekly Chart Analysis
Resistance Zone: The major long-term resistance is at $151.84, a barrier that has persisted over time. A breakthrough here would be significant.
Support Zone: The support between $121.19 and $130.03 has offered stability since mid-2023, serving as a foundation for potential upward moves.
RSI Analysis: The weekly RSI is at 49.33, close to neutral but nearing oversold territory. This could signal a potential reversal if the price action aligns.
Outlook: A weekly close above $143.81 would suggest a possible trend reversal and increased bullish momentum. Conversely, a close below the $121-$130 region could indicate a deeper correction ahead.
Conclusion
Solana is at a crossroads, with critical resistance levels in sight across multiple timeframes. The $139.38 and $143.81 levels are particularly significant; breaking above these could unleash a bullish rally towards $151 and potentially $174. However, failure to overcome these hurdles may result in consolidation or a pullback to the strong support zone between $121 and $130.
Traders should keep a close eye on the RSI indicators, which, while currently neutral to moderately bullish, are approaching levels that could precede a reversal. The overbought conditions on shorter timeframes suggest caution.
In this pivotal moment, monitoring SOL's price action relative to these key support and resistance levels will be crucial. A breakout or breakdown will likely set the stage for Solana's next significant move, making timely analysis and responsiveness essential.