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Binance Coin, Solana, Fantom Price Analysis: 20 November
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After a substantial slump last week, most cryptos struggled to counter the selling pressure. However, over the past day, the market appeared to set foot in the recovery phase.
Altcoins like Binance Coin, Solana and Fantom touched their weekly lows on 18 November. Now, they were leading the recovery phase, noting gains in the past 24 hours.
Binance Coin (BNB)
Source: TradingView, BNB/USDT
Since 24 September, BNB upturned between the two parallel lines for nearly six weeks. After a staggering 78.41% 39-day rally, the price breached the upper channel to poke its six-month high on 7 November.
However, the bears retaliated as they historically showed resistance at the $648-mark. The price action retracted in a down channel (yellow) by 22.8% until
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