BNB: Improved Short-Term Signals

On the weekly chart, after peaking in December 2024, BNB pulled back to retest the 50-day SMA while the ADX indicator moved within the gray area (20 < adx < 25).

Additionally, the MACD indicator continues to trend downward and is constantly widening the gap with the Signal line after previously giving a sell signal, suggesting that the downside risk remains.

However, the writer believes that the long-term uptrend is still intact as BNB consistently forms higher highs and higher lows, and the 100-day SMA and 200-day SMA act as strong long-term support levels. 

BNB chart for 2021 – 2025 – Source: TradingView

On the daily chart, BNB rebounded after successfully testing the 61.8% Fibonacci Retracement level (corresponding to the $530-575 USD region) as the MACD indicator gave a buy signal again, indicating improved short-term prospects.

Furthermore, BNB is approaching a retest of the Middle Bollinger Band while the Stochastic Oscillator indicator continues to climb after providing a previous buy signal. If it successfully breaks above this resistance level, the recovery scenario could extend in the upcoming sessions.

Based on these signals, the writer suggests that BNB will experience short-term fluctuations before resuming its long-term uptrend in the future.

BNB chart for 2024 – 2025 – Source: TradingView

SOL: Range-Bound Action Continues

On the weekly chart, SOL is in the process of retesting its previous high from March 2024 (around $170-220 USD) while the ADX indicator moves within the gray area (20 < adx < 25).

Additionally, SOL continues to trade within a long-term ascending price channel and is trending towards retesting the lower edge of this channel. Meanwhile, the MACD indicator is constantly widening the gap with the Signal line after a previous buy signal. If SOL breaks down and falls below this support level, the downside risk will increase in the upcoming sessions.

SOL chart for 2023 – 2025 – Source: TradingView

On the daily chart, SOL is retesting the group of 50-day SMA and 100-day SMA while the Stochastic Oscillator indicator gives a buy signal again in the oversold region. If the buy signal is maintained and SOL breaks above these resistance levels, a recovery scenario is likely to unfold in the upcoming sessions.

Based on these signals, investors are advised to refrain from trading at the current price levels and wait for more positive signals before considering re-entering the market.

SOL chart for 2024 – 2025 – Source: TradingView

ADA: Awaiting a Bounce

On the daily chart, ADA’s downward momentum suddenly stalled, transitioning into a range-bound phase as it retested its previous high from March 2024 (around $0.68-0.83 USD). The Stochastic Oscillator indicator continues to climb after providing a previous buy signal, suggesting that the sentiment is less bearish.

Additionally, the MACD indicator is gradually narrowing the gap with the Signal line after a previous sell signal. If a buy signal reappears, a recovery could unfold in the upcoming sessions.

Based on these signals, investors should closely monitor the short-term price action and consider investing only when a clear recovery trend emerges.

ADA chart for 2024 – 2025 – Source: TradingView

Technical Analysis Team, Advisory Department, Vietstock

– 09:13 21/02/2025

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