Solana

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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/biden-supports-crypto-law" data-wpel-link="internal" rel="noopener noreferrer nofollow">Biden Supports Crypto Law</a><br></p>
<p style="text-align: justify">In an unexpected turn of events, crypto <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> have witnessed <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">significant developments</a> this week. The US House has successfully passed the crypto law, and President Biden indicated that he is unlikely to veto it. Concurrently, the Securities and Exchange Commission (SEC) made a surprising reversal on its stance regarding the Ethereum Exchange-Traded Fund (ETH ETF), adding a layer of optimism to the market. These factors have led to heightened interest and speculation on the price movements of BNB, TON, SOL, and <a href="https://en.bitcoinhaber.net/ripple-responds-to-secs-heavy-financial-demands-in-legal-battle" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a> coins.</p>
<h2 id="bnb-coin-price-outlook">BNB Coin Price Outlook</h2>
<p style="text-align: justify">BNB Coin has shown resilience by bouncing off the support line of a symmetrical triangle on May 20. This coincided with positive news about Ethereum, testing the critical resistance level at $635 on May 21. Should this resistance be breached, a bullish trend may push the price towards $692. However, if the price falls below the support level of $590, it could remain trapped between $495 and $635 for an extended period.</p>
<h2 id="ton-coin-price-forecast">TON Coin Price Forecast</h2>
<p style="text-align: justify">TON Coin’s Relative Strength Index (RSI) hovers near a neutral position, with profit-taking activities observed after a prolonged rise. The 20-day EMA at $6.35 is crucial for maintaining the uptrend. Bulls need to secure closures above $6.73 to aim for the $7.67 resistance. Failing this, the coin may target lower levels at $5.5 and $4.72.</p>
<p style="text-align: justify">Solana and XRP Price Analysis</p>
<p style="text-align: justify">For SOL Coin, the price dropping below $185 signifies persistent bearish control. The broader market trend, including BTC’s drop below $69,500, suggests ongoing profit-taking. If SOL’s price cannot recover above $185 and $161, it could struggle to refocus on the $205 target. On the other hand, XRP Coin has fallen below $0.53, indicating weak bullish momentum. The coin needs to achieve closures above $0.53 and $0.57 to initiate a significant upward move.</p>
<h2 id="investor-takeaways">Investor Takeaways</h2>
<ul>
 <li>Monitor critical resistance and support levels for BNB, TON, SOL, and XRP.</li>
 <li>Watch for regulatory developments, as they significantly impact market sentiment.</li>
 <li>Be aware of broader market trends, such as BTC movements, which influence altcoin prices.</li>
 <li>Consider the SEC’s stance and legal outcomes, especially concerning XRP and ETH ETFs.</li>
</ul>
<p style="text-align: justify">The recent developments have stirred the crypto market, providing both opportunities and risks for investors. Staying informed and responsive to these changes is crucial for navigating the volatile landscape.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/biden-supports-crypto-law" data-wpel-link="internal" rel="noopener noreferrer nofollow">Biden Supports Crypto Law</a></h5>

Biden Supports Crypto Law

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