Cryptocurrency

Solana

Coin

<p style="text-align: justify">The agreement between <a href="https://en.coin-turk.com/are-crypto-exchanges-reliable-binance-publishes-11th-reserve-proof/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> and the US Department of Justice had a ripple effect on the cryptocurrency markets, resulting in volatile price movements. A rapid downward movement was followed by a period of recovery, and cryptocurrencies have adjusted themselves accordingly. Let’s take a look at the price movements of four cryptocurrencies.</p>
<h2 style="text-align: justify" id="bnb-predictions">BNB Predictions</h2>
<p style="text-align: justify">November 21st was a highly volatile day for <strong>BNB</strong>. The price dropped from $272 to $224 and is currently at $236. A positive aspect is that the BNB price did not fall below $223. As of yesterday, BNB is in a period of recovery.</p>
<p><img decoding="async" class="wp-image-280010 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/bnb-coin-cointurk.png" alt="bnb coin cointurk" width="1488" height="825"></p>
<p style="text-align: justify">If the bulls can push the BNB price above the 20-day exponential moving average level of $240, a journey towards $265 is possible. On the other hand, if the price falls below $223, a drop to $203 can be expected.</p>
<h2 style="text-align: justify" id="xrp-predictions">XRP Predictions</h2>
<p style="text-align: justify">XRP was unable to reach its peak level of $0.98 during the summer months. On November 20th, XRP moved south from the 20-day exponential moving average level of $0.61. The price dropped to $0.57.</p>
<p><img decoding="async" class="wp-image-280011 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/xrp-1.png" alt="" width="1484" height="804"></p>
<p style="text-align: justify">$0.56 is a level where the bulls defend themselves. If this level is breached, a journey towards $0.46 is possible. If the bulls can push the price above $0.56, there is a possibility of a rise towards $0.74. XRP is currently trading at $0.60.</p>
<h2 style="text-align: justify" id="solana-predictions">Solana Predictions</h2>
<p style="text-align: justify">Solana, which can be considered as the star of October and November, returned to the 20-day exponential moving average level of $51 on November 22nd. This level was strongly defended by the bulls. $59 is a critical resistance level. If this level is surpassed, a journey towards $68 can begin.</p>
<p><img decoding="async" class="wp-image-280012 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/solana-cointurk.png" alt="solana cointurk" width="1473" height="810"></p>
<p style="text-align: justify">On the other hand, if the price fails to surpass $59, a drop below the support level of $48 can occur. In such a scenario, the price can drop to the 50-day simple moving average level of $37. Solana is currently trading at $57.83.</p>
<h2 style="text-align: justify" id="cardano-coin-predictions">Cardano Coin Predictions</h2>
<p style="text-align: justify">On November 21st, there was a correction movement just above $0.38 for <strong>Cardano</strong>. The price then retraced slightly. <a href="https://en.coin-turk.com/cardano-ada-price-prediction-when-will-the-price-reach-10/" data-wpel-link="internal" rel="noopener noreferrer nofollow">ADA</a> reached the 20-day exponential moving average level of $0.35, which serves as a strong support level. In the recovery that follows, there is a possibility for the price to reach $0.39 and then $0.46.</p>
<p><img decoding="async" loading="lazy" class="wp-image-280013 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/cardano-ada-cointurk.png" alt="cardano ada cointurk" width="1487" height="825"></p>
<p style="text-align: justify">If the bears come into play, they can push the price down to $0.34. If the support level is breached, ADA can drop to the 50-day simple moving average level of $0.30. ADA is currently trading at $0.38.</p> Continue Reading: <a href="https://en.coin-turk.com/binance-agreement-with-the-us-department-of-justice-shakes-cryptocurrency-markets-analysis-of-price-movements-for-four-cryptocurrencies/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/binance-agreement-with-the-us-department-of-justice-shakes-cryptocurrency-markets-analysis-of-price-movements-for-four-cryptocurrencies/</a>

Binance Agreement with the US Department of Justice Shakes Cryptocurrency Markets: Analysis of Price Movements for Four Cryptocurrencies

Table of Contents

COINTURK NEWS

Other articles published on Nov 23, 2023

IT Professionals Express Mixed Sentiments on AI, Reveals SolarWinds Study

Kunci Coin (KUNCI) Price Prediction 2024, 2025, 2030, 2040, and 2050

How to Fix Your Declining Crypto Portfolio With These 3 Coins

HTX to restore services 'within 24 hours' after $13.6M hack

Bitcoin Defies Regulatory Headwinds, Holds Steady Near $37,000 Amidst Binance Plea Deal

OpenAI Restores Sam Altman as CEO, Introducing New Board Leadership

Join our free newsletter for daily crypto updates!