As a seasoned researcher with years of experience in the cryptocurrency market, I’ve seen my fair share of bull runs and bear markets. Today’s analysis reveals a mixed bag for ADA and BNB, two coins that have intrigued me for quite some time.
Some coins have returned to the red zone by now, according to CoinStats.
ADA/USD
The rate of Cardano (ADA) has risen by 2.62% over the last 24 hours.
Looking at the daily price trend, ADA has experienced a drop following an unsuccessful surge past the $0.3711 resistance level, which may have been a false breakout. If buyers don’t regain control promptly, it’s likely that ADA will approach the $0.35 area by the end of this week.
ADA is trading at $0.3561 at press time.
BNB/USD
The rate of Binance Coin (BNB) has followed the growth of ADA, going up by 1.59%.
The price of the native exchange’s coins is falling after yesterday’s bullish closure.
Should conditions remain unaltered as the day ends, we might witness a potential test of the support level at approximately $583.10 in the near future.
BNB is trading at $596.20 at press time.
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2024-10-21 18:55