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Binance Coin, Solana, Terra Price Analysis: 10 December
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While most cryptos struggled to counter the steep breakdown that occurred on 3 December, Terra’s LUNA saw soaring gains during the recovery phase until it touched its ATH on 5 December.
Solana, on the other hand, grappled to turn the trend into its favor while Binance Coin flashed mixed signs.
Binance Coin (BNB)
Source: TradingView, BNB/USDT
BNB recurringly formed an ascending channel (yellow) after an up-channel breakdown on 4 December. The alt continued its long-term bullish trend despite a massive sell-off. After poking its six-month high on 7 November, the price action saw a pullback as the bears ensured the long-term resistance at the $648.8-mark.
The bears retested the $583.2 resistance thrice before finally breaching it to hit BNB’s
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