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ADA and BNB Price Analysis for December 20

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Wed, 20/12/2023 - 14:10
ADA and BNB Price Analysis for December 20
Cover image via www.tradingview.com

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The prices of most of the coins keep rising, according to the CoinMarketCap ranking.

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Top coins by CoinMarketCap

ADA/USD

The price of Cardano (ADA) has declined by 1.22% over the last 24 hours.

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Image by TradingView

On the daily chart, the rate of ADA is trading sideways, as none of the sides has accumulated energy for a further sharp move.

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In addition, the volume has also fallen, which means that ongoing consolidation in the area around $0.60 is the more likely scenario until the end of the week.

ADA is trading at $0.5893 at press time.

BNB/USD

Unlike ADA, the price of Binance Coin (BNB) has increased by 1.48%.

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Image by TradingView

The rate of BNB is trying to break the interim zone of $260. If buyers manage to fix above that mark, there is a good chance of a test of the resistance level of $268.4 shortly.

BNB is trading at $255.7 at press time.

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