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Crypto traders are keeping a close eye on Solana (SOL) and Binance Coin (BNB) as both assets show promising signs despite the market’s ups and downs. Here’s a closer look at their recent price movements and what traders can expect.
Solana (SOL) price is facing some pressure after a period of strong gains. SOL dropped by 10.98% in the past week, bringing its current price to $186.19. This price decline comes as traders decide to lock in profits and wait for new catalysts.
However, several factors could influence Solana price in the coming weeks. One key event is the upcoming unlock of 11.2 million SOL tokens on March 1. This batch of tokens is valued at $2.06 billion at the current price. If a significant portion of these tokens is sold, it could put downward pressure on the price.
Despite this potential selling pressure, Solana remains one of the most actively used Layer 1 blockchains. Its fast transactions and low fees continue to attract users and developers. If buyers step in after this price drop, we could see a rebound in the coming weeks.
BNB price is showing bullish signs and up 2.2% in 24 hours. The coin is currently trading at $680.43. BNB price could push toward the $800 mark if the momentum continues, especially with Binance’s ongoing token burns and increasing staking rewards. However, there are concerns as BNB Chain’s DEX volume has been declining, which could slow down BNB’s price growth.
Traders will be watching closely to see if BNB can sustain its rally, especially with Solana price showing volatility in recent weeks.
Long-term projections for BNB price are varying. Some estimates place BNB price between $580 and $1,250 in 2025. At the same time, others see a potential $1,238 target by March, depending on broader market trends. If altseason gains more traction, BNB could be set for a larger rally.
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