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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.

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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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