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ADA and BNB Price Analysis for October 23

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Sun, 23/10/2022 - 14:27
ADA and BNB Price Analysis for October 23
Cover image via www.tradingview.com

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Bears keep their pressure as most of the coins remain in the red zone.

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Top 10 coins by CoinMarketCap

ADA/USD

The rate of Cardano (ADA) has declined by 0.85% over the last 24 hours.

ADA/USD chart by TradingView

On the daily chart, Cardano (ADA) is still trading sideways as neither side has accumulated enough power for a sharp move. If buyers want to start a bull run, the price must be fixed above the $0.36 zone.

ADA is trading at $0.3490 at press time.

BNB/USD

Binance Coin (BNB) has lost less as its price has only dropped by 0.12%.

BNB/USD chart byTradingView

From the technical point of view, Binance Coin (BNB) is also trading sideways, like Cardano (ADA), against the low volume. Currently, one should pay attention to the $270 mark.

Related
BTC, ETH and ETC Price Analysis for October 22

If the bar closes above it, the upcoming week might be bullish for the native exchange coin.

BNB is trading at $269.7 at press time.

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