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ADA and BNB Price Analysis for October 14

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Fri, 14/10/2022 - 15:25
ADA and BNB Price Analysis for October 14
Cover image via www.tradingview.com

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The cryptocurrency market has made a huge reversal as the prices of most of the coins have rocketed.

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Top 10 coins by CoinMarketCap

ADA/USD

The price of Cardano (ADA) has risen by almost 6% over the last 24 hours.

ADA/USD chart by TradingView

Despite a sharp rise today, the price remains trading below the vital level of $0.4019. As long as the rate cannot fix above that mark, there is still a chance to see a further decline.

ADA is trading at $0.3818 at press time.

BNB/USD

Binance Coin (BNB) is following the rise of Cardano (ADA), going up by 5.26%.

BNB/USD chart byTradingView

On the daily chart, the price of Binance Coin (BNB) has once again bounced off the support level at $258.6, which shows buyers' power.

Related
ADA and BNB Price Analysis for October 12

If buyers can keep the rise to the $285-$290 zone, one can think about the possible midterm growth of the native exchange coin.

BNB is trading at $273.5 at press time.

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