Advertisement
AD

Main navigation

ADA and BNB Price Analysis for December 16

Advertisement
Fri, 16/12/2022 - 12:20
ADA and BNB Price Analysis for December 16
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.

Read U.TODAY on
Google News

The situation is unchanged since yesterday as most of the coins are in the red zone.

Advertisement

Top 10 coins by CoinMarketCap

BNB/USD

The price of Binance Coin (BNB) has declined by almost 1% over the last 24 hours.

BNB/USD chart byTradingView

Despite the continued fall of Binance Coin (BNB) over the last few days, the native exchange coin may not have found the local bottom yet. On the daily chart, the price has broken the support level at $255.6.  If buyers cannot hold the initiative until the end of the day, the drop may continue to the $230-$240 zone.

BNB is trading at $254.5 at press time.

ADA/USD

Cardano (ADA) is less of a loser than Binance Coin (BNB), declining by 0.71%.

ADA/USD chart by TradingView

The price of Cardano (ADA) has broken the important support level at $0.2953. From the technical point of view, fixation below this mark might be a prerequisite for a further midterm bearish trend. In this case, the fall may continue to the $0.275-$0.28 mark.

ADA is trading at $0.2873 at press time.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD