Binance Coin Bounces Back – Can Solana Catch Up? Find Out Now!

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So, there we were, all watching in horror as Binance Coin (BNB) and Solana (SOL) took a nosedive in Friday’s “Oh-My-God-What-Just-Happened” crash. It was ugly. Real ugly. But wait-don’t cue the violins just yet. They’ve made quite the comeback since then. BNB’s holding onto support like a cat clinging to a tree during a windstorm, while SOL is doing its best impression of a toddler trying to walk on its own. Will they pull it off, or will we be back to square one? Let’s see. 🤔

A spectacular recovery for $BNB

Imagine this: Binance Coin (BNB) took a dive so deep, it almost hit the Earth’s core, falling 31% on Friday and nearly breaking through the 100-day SMA. It was like watching your favorite character get killed off in a show you’ve invested way too much time in. 😱 BUT then, BNB decided to pull a Houdini and make a comeback, rising faster than your phone battery percentage when you plug it in at 1%. In fact, it even hit a new all-time high, because why not? If you’re going to fall, might as well get back up in style, right?

Of course, gravity is still in the game, and now we’re looking at the price returning to its ascending trendline. Bulls, you’ve got your work cut out for you. The magic here is hoping for that classic bounce, and if it’s successful, who knows? BNB could keep soaring, like an over-caffeinated squirrel on a sugar high.

$BNB still very bullish

If we take a peek at the weekly chart for $BNB, the price has been rising so parabolically, you’d think the whole thing was being run by a rocket scientist. The first “decent” horizontal support? Well, that’s chilling at around $676-basically a landslide from where we are now. So, should the current trendline collapse, the price could tumble all the way down to $1,000, just shy of hitting the major trendline. It’s like playing a game of Jenga with market forces.

But don’t let the bears get too comfortable. As things stand, $BNB is still cruising in bull territory. Long-term price targets? Try $1,486 at the 2.618 Fibonacci level (sounds fancy, huh?) and $1,977 at the 3.618 Fibonacci level. Because who doesn’t love some good old Fibonacci drama? 💥

$SOL falls back below major support level

Now, while $SOL wasn’t hit as hard as $BNB (only down 20%, which is, you know, just a small apocalypse), the recovery has been like watching someone try to do a 10-mile run after eating an entire pizza. It came down to the major ascending trendline, did a little jig, then popped back up with enough energy to make you think, “Hey, maybe this is it!”

But alas, reality struck. After briefly flirting with the major $202 resistance level, the bears swooped in, snatched that dream away, and brought the price back down below that crucial point. Classic bear move. And now we’re here, waiting to see if the bulls can muscle their way back up. No pressure.

But hey, the day’s still young, and if the U.S. stock market does well today, maybe the bulls will find their footing again. We can only hope, right? 🙄

$SOL has strong price structure below

Now, here’s the silver lining for $SOL: It’s got a strong base to bounce off. Looking at the weekly chart, there’s plenty of price structure just waiting to provide some sturdy support, like a safety net at a circus. The next milestone could be $250-hit that and hold, and we might be looking at a solid foundation for a healthy climb. Fingers crossed, because we’re all in this together.

But let’s not sugarcoat it. The Stochastic RSI indicators are heading south, and that’s not exactly the kind of downtrend you want to see. Still, if $SOL can hang tight above that major $176 support level while the indicators cool off, there’s a chance we could see a bounce that sets the tone for the rest of the bull market. Or, you know, it could all come crashing down like a poorly-constructed Lego tower. Who’s to say? 🤷‍♂️

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2025-10-14 14:08