Solana, Binance Coin, Cardano Price Analysis – October 10

Cryptocurrencies trade in the green with mixed actions today. The overall crypto market capitalization increased by 0.69% to stand at $2.29 trillion. On the other hand, the market volume declined by 15.86% over the past 24 hours. Cardano recorded positive movements as Solana and Binance Coin show struggle signs in the coming days.

Cardano

While writing this article, Cardano trades at 2.24 after gaining 0.32% in the past day. The alt had its resistance around $2.9 as its price appeared to consolidate at $2.1. Meanwhile, technical indicators suggest bullishness in the sessions to come.

The Relative Strength Index stayed beyond the midline in most of the sessions. That suggested buyers’ dominance. On the other part, MACD neared a bullish cross, confirming price upsurges. Also, the Awesome Oscillator displayed green bars to support buying actions.

Binance Coin

Binance Coin has had its price actions oscillating within an upward channel since bouncing from its September 26 low. However, the alt dropped by 0.5% in the last 24 hours. While writing these lines, BNB hovers at $420.

Macro view analysts attributed the BNB recovery to the buyers’ rebirth since last month ended. The RSI maintained around the 60-level in most sessions, confirming that buyers controlled the BNB’s momentum. However, the indicator was under the 50-mark at this publication.

Meanwhile, the token neared a bullish cross at the start of October. However, it depicted red sign bars over the latest session. At the same time, the Awesome Oscillator showed green bars, suggesting bullish actions.

Solana

Solana lost 3.15% in the previous 24 hours to stand around $154. That was after the token met an overhead resistance at $202. Solana has made low progress since the start of this month. For now, SOL seemed to consolidate around the $150 area.

The Relative Strength Index neared an oversold area as short-term reversal seemed possible. Meanwhile, the Moving Average Convergence Divergence shifted under the midline. That suggested incoming selling pressure. On the other side, the Awesome Oscillator had red sign bars that showed bearish inclination, pointing to trend reversals.

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