Ad

BNB and Solana price prediction amid bullish outlook for Algotech

By:
on May 15, 2024
Listen
  • BNB is down 3.6% in the past 24 hours and bulls face a potential downward trend.
  • Solana price is hovering near key support amid positive Robinhood Crypto news.
  • New project Algotech is in stage 3 of the presale and could outperform post launch.

Follow Invezz on Telegram, Twitter, and Google News for instant updates >

As Solana (SOL) and BNB (BNB), the native Binance coin, consolidate near key areas, investor attention on new coins is firmly on Algotech (ALGT).

Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.

This price prediction for BNB and SOL also highlights the Algotech presale and the coin’s potential to outperform peers in coming months.

BNB price forecast

Copy link to section

Binance continues to strengthen its position as the largest cryptocurrency exchange by volume, despite a number of regulatory hurdles.

The native Binance ecosystem token BNB, on the other hand, has seen a lackluster few days in the market. The coin has fluctuated lower since reaching highs above $630 in mid-March.

While analysts remain bullish on BNB price, the current outlook suggests the cryptocurrency could touch lower support levels. The BNB price is down 3.6% in the past 24 hours, and market activity is up as sellers intensify their pressure.

If price dips below the immediate support near $530, it’s likely to extend losses to $500 or lower before bulls attempt a recovery alongside the broader market.

Solana (SOL) price prediction

Copy link to section

Solana is one of the best performing altcoins over the past year, with previous spikes taking SOL to multi-year highs above $200.

While meme coin frenzy and a bullish outlook from institutional investors remain key to potential short term surge, SOL price is currently struggling with bearish pressure.

Solana’s price is down 2% in the past 24 hours and hovers around $143. The market correction that has sent BTC and ETH lower has SOL poised.

However, analysts have offered bullish predictions for Solana amid network growth. Robinhood Crypto’s launch of SOL staking for users in Europe is a positive for Solana and other key developments could ignite a fresh surge.

A breakout after significant consolidation above current levels could bring bulls back into control and probably catalyse new gains to above year-to-date highs.

What is Algotech (ALGT)?

Copy link to section

Algotech is a new decentralized crypto platform designed to offer the best of algorithmic trading to crypto traders.

Automation and smart crypto investing combine in Algotech’s AI-powered platform, setting it up as a top project for the DeFi industry.

While the goal is to bring benefits of algorithmic trading to the retail trader, Algotech also goes beyond to foster a community-driven ecosystem where aspects like social trading stand out.

Users can tap into top risk management tools as they trade, adding to their knowledge and expertise via the available strategies and features. That includes access to real-time market data.

Algotech (ALGT) presale outlook and price prediction

Copy link to section

ALGT is the native Algotech token that powers this platform.

Currently, the token is available in presale stage 3. In this stage, ALGT token prices are at $0.08. The next stage will see the price rise to $0.10.

At the end of the presale, ALGT will list on major exchanges for trading. There’s potential for the new platform to gain traction at launch, and bullish market conditions could bolster this outlook.

Traders keen on an early bet have put $4.8 million into the project so far.

To learn more or buy ALGT, visit the Algotech presale page.

This article is a collaboration between our Editors and our Partners, and it may contain sponsored advertising content and links. The content is not intended as financial advice and is for informational purposes only.

Ad

Want easy-to-follow crypto, forex & stock trading signals? Make trading simple by copying our team of pro-traders. Consistent results. Sign-up today at Invezz Signals™.

0/10
Learn more
Collaborations Altcoins Crypto