Original U.Today article

ADA and BNB Price Analysis for October 12

Wed, 10/12/2022 - 12:54

Which altcoins from top 10 list can rise soon?

ADA and BNB Price Analysis for October 12

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Bears are not as powerful as before as some coins are coming back to the green zone.

Top 10 coins by CoinMarketCap

ADA/USD

The price of Cardano (ADA) has dropped by 0.71% over the last 24 hours.

ADA/USD chart by TradingView

On the daily chart, the rate of Cardano (ADA) has fixed below the vital level at $0.4019. Until the price is below it, the fall may continue to the next support zone around $0.33. If buyers want to seize the initiative, they need to restore the rate above the $0.40 area.

ADA is trading at $0.3935 at press time.

BNB/USD

Unlike Cardano (ADA), the price of Binance Coin (BNB) has risen by 0.21%.

BNB/USD chart byTradingView

Binance Coin (BNB) is coming closer to the support level at $258.6, which means that there are signals of a possible bounce back. Thus, if bulls lose the $270 mark, this can generate a further downward move to the $260 zone. Such a scenario is relevant until the end of the month.

BNB is trading at $271.6 at press time.

#Binance coin price prediction #Cardano Price Prediction

About the author

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.