Analysts Say Solana And BNB Rally Exhausted, But Say Layer Brett Is Only Warming Up
The post Analysts Say Solana And BNB Rally Exhausted, But Say Layer Brett Is Only Warming Up appeared on BitcoinEthereumNews.com.
As Binance coin (BNB) and Solana (SOL) face mounting pressure to sustain their momentum, a meme newcomer is preparing for its next mark-up phase. Market participants are witnessing an intriguing shift where trending cryptocurrencies encounter resistance while explosive platforms like Layer Brett demonstrate remarkable resilience and growth potential. Solana price under pressure despite recent gains The Solana price recently broke out of a rising wedge pattern, only to encounter selling pressure that led to lower highs. SOL’s structural support at around 181 is accompanied by an ascending trendline, but direct resistance at 187 and 189 is a problem for bulls. Furthermore, SOL’s futures open interest decreased by 7 percent to 11.5 billion, and options volume soared more than 90 percent. These changes reflect a move by traders to de-leverage, hedge exposure, and actively manage risk. On-chain activity mirrors this cautious stance. In August, capital outflow of about $85 million points to the fact that investors are cashing in or moving to more prospective projects. Layer Brett has already captured the hearts of these risk-hungry investors with its Layer 2 innovation and staking benefits. BNB’s uptrend is at risk of a reversal The BNB price jumped to a fresh record high in August, gaining more than 16% to hit a new all-time high near $900. This price action elevates Binance coin’s status as one of the best-performing top altcoins of this cycle. This positive BNB performance coincides with a wave of corporate treasury moves by institutional players. The latest to join the fray is the Hong Kong public company China Renaissance. The company announced a $100 million BNB buy, joining the likes of Windtree, BNC, and CEA Industries in unveiling BNB treasury strategies. Despite this excitement, daily volume for the Binance Coin is down by about 19% to $1.9 billion. Historically,…
Filed under: News - @ August 25, 2025 12:26 am