Bitcoin prices continue to fluctuate, with these three cryptocurrencies achieving significant gains. They are targeting record levels. For now, the upward momentum for BNB and AVAX may have weakened, but the hype in the Solana ecosystem is pushing SOL Coin to the top. So, what do the current outlook and price predictions indicate?
Solana (SOL)
We had been pointing out the price target of $205, whether the price was at $80 or $104. Solana (SOL) has finally reached the price target we have been discussing for months. Although it was not expected to be this rapid, the transformation of Radium and Jupiter into meme coin casinos has drawn abnormal investor interest, rapidly pushing up the SOL Coin price.
The recent acceleration in price increase seems to have halted for the moment, as the price has fallen back to $195. However, if the hype around ecosystem tokens continues to shine or we see a new airdrop, the bulls might regain strength.
If the rise is to continue, the tough resistance at $205 must be overcome. Once this is achieved, the previously mentioned peak target of $260 will be in sight. The upward risk involves the RSI rising into the depths of the overbought zone and the start of rug pulls in Solana meme coins. In case of a downturn, the support level of $156 could come into play.
Binance Coin (BNB) Commentary
The second altcoin aiming for its all-time high was BNB Coin. If BTC had not started its last downward move, perhaps the BNB price would have reached the ATH zone. The excessively rising price and the ongoing Binance lawsuit have spooked the bulls.
Rising moving averages and a positive RSI are favorable. If the price reclaims $591, the last barrier before ATH at $645 resistance could be tested. However, if the support at $534 is lost, then sales could start down to $509 and $460.
Avalanche (AVAX)
Avalanche recovered quickly from $50 on March 17th and looks promising. Although the optimism is dampened by the accelerating decline in BTC price at the time of writing, closures above $61.5 could trigger the expected move for AVAX.
If the rise accelerates, the price could climb to $87 and then target $100. Conversely, a return to $50 is possible in the opposite scenario.
