As a seasoned crypto investor with a few years under my belt, I’ve seen my fair share of market fluctuations. The bearish trend at the beginning of the week is nothing new to me, and it’s always important to keep an eye on the daily price movements of my investments.
As a researcher studying the cryptocurrency market, I’ve observed that bears have maintained control during the initial days of the week based on data from CoinMarketCap.
ADA/USD
The price of Cardano (ADA) has fallen by 2.91% over the last 24 hours.
On the daily chart, the rate of ADA is near the support level of $0.3994.
If the current circumstances remain unaltered by the end of the day, there’s a possibility that a significant price surge toward the $0.38-$0.39 range could ensue shortly.
ADA is trading at $0.4043 at press time.
BNB/USD
Binance Coin (BNB) is less of a loser, going down by 1.05%.
Technical analysis suggests that the trend for BNB is leaning towards bearish rather than bullish. Should the downward trend persist and reach the support level of $591.3, there may be sufficient pressure to drive the price further down to around $580.
BNB is trading at $603.2 at press time.
Read More
- LUNC PREDICTION. LUNC cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- SOL PREDICTION. SOL cryptocurrency
- BICO PREDICTION. BICO cryptocurrency
- USD PHP PREDICTION
- USD ZAR PREDICTION
- XRP PREDICTION. XRP cryptocurrency
- EUR BRL PREDICTION
- USD COP PREDICTION
- SNS PREDICTION. SNS cryptocurrency
2024-06-17 19:12