Main navigation

ADA and BNB Price Analysis for October 12

Wed, 10/12/2022 - 12:54
article image
Denys Serhiichuk
Which altcoins from top 10 list can rise soon?
ADA and BNB Price Analysis for October 12
Cover image via

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

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

Top 10 coins by CoinMarketCap


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.


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.

article image
About the author

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