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ADA and BNB Price Analysis for April 9

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Sun, 9/04/2023 - 18:00
ADA and BNB Price Analysis for April 9
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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Bears are back in the game on the last day of the week, according to the CoinMarketCap ranking.

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Top coins by CoinMarketCap

ADA/USD

Cardano (ADA) is an exception, going up by 0.40%.

ADA/USD chart by TradingView

Despite today's rise, Cardano (ADA) keeps trading sideways between the support at $0.37 and the resistance at $0.4093. If buyers want to seize the initiative, they need to bring the price back to at least the important mark of $0.40.

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Only in that case is there a possibility of a breakout followed by a blast to the $0.42 zone.

ADA is trading at $0.3889 at press time.

BNB/USD

Unlike Cardano (ADA), the price of Binance Coin (BNB) has fallen by 0.27%.

BNB/USD chart by TradingView

Binance Coin (BNB) remains under sellers' pressure as the price is located close to the support at $302. At the moment, traders should pay attention to the interim level at $310. If buyers lose it, the fall may continue to the vital zone of $300. Such a scenario is relevant until mid-April.

BNB is trading at $310.8 at press time.

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