As a seasoned researcher with over a decade of experience in the crypto market, I have witnessed countless bull runs and bear markets. Today, my analysis reveals a mixed bag for our favorite digital assets, Cardano (ADA) and Binance Coin (BNB).
Bulls are losing their initiative at the beginning of the week, according to CoinMarketCap.
ADA/USD
The price of Cardano (ADA) has gone down by 2.26% over the last 24 hours.
On a day-to-day basis, the trend for ADA appears more downward than upward, with prices approaching the support level of around $0.3204. If it breaks this level, there’s potential for further declines towards the $0.30-$0.31 range by the week’s end.
ADA is trading at $0.33 at press time.
BNB/USD
Unlike other coins, the rate of Binance Coin (BNB) is rising by 0.36%.
Technically speaking, the cost of BNB seems to be heading upward, aiming to reach and possibly exceed the resistance point of approximately $545.30.
Should purchasers maintain control over the momentum they’ve established, there could be sufficient power to challenge the price range between $560 and $580.
BNB is trading at $540.9 at press time.
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2024-08-19 18:12