BTC, SOL and BNB Price Analysis for May 13

article image

Denys Serhiichuk

Track live crypto price of 10000+ coins!

Is the current bounceback a prerequisite for a market reversal?

A bounceback has occurrrd on the cryptocurrency market as all of the top 10 coins are again in the green zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap


Bitcoin (BTC) has risen by 8% over the last 24 hours.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the daliy chart, Bitcoin (BTC) has broken yesterday’s peak at $30,000 against the increased trading volume. If bulls can keep the rise and the daily candle fixes around the mentioned mark, there is a high possibility of seeing further growth on the weekend to the closest level at $32,950.

Bitcoin is trading at $30,780 at press time.


Binance Coin (BNB) has gainedmore than Bitcoin (BTC), rising by 12% since yesterday.

BNB/USD chart by TradingView
BNB/USD chart by TradingView

Binance Coin (BNB) is going up after yesterday’s candle made a false breakout of the $238 level. The rate is trading above the vital mark of $300, which means that the rise may continue. If that happens, the further zone where bears can again seize the initiative is the resistance near the $340 mark.

Related:  Cardano's nearest future might look like this as users await the Vasil HardFork

BNB is trading at $309.8 at press time.


Solana (SOL) is the biggest gainer from the list today; its rise has constituted 18.60% over the past day.

SOL/USD chart by TradingView
SOL/USD chart by TradingView

Despite the sharp growth, Solana (SOL) has not entered the mid-term bullish zone as the rate is still below the $60 mark. However, if the rise continues until the end of the day, there is a chance to see a breakout, followed by an upward move to $70.

SOL is trading at $54.77 at press time.

Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: