Main navigation

ADA and BNB Price Analysis for October 5

Wed, 10/05/2022 - 15:43
article image
Denys Serhiichuk
How great are chances to see further rise of popular altcoins?
ADA and BNB Price Analysis for October 5
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

Bulls could not hold the initiative for a long time as most of the coins have come back to the red zone.

Top 10 coins by CoinMarketCap


The rate of Binance Coin (BNB) has declined by 1.59% since yesterday.

BNB/USD chart byTradingView

Despite the fall, Binance Coin (BNB) remains bullish as the price keeps trading above the support level at $286.6. At the moment, the more likely scenario is sideways trading in the range of $290-$295 so that buyers can accumulate more power for a further upward move.

BNB is trading at $290.8 at press time.


Cardano (ADA) has followed the drop of Binance Coin (BNB), going down by 1.45%.

ADA/USD chart by TradingView

Unlike Binance Coin (BNB), Cardano (ADA) is looking more bearish than bullish as the price is coming back to the $0.42 level. If bears' pressure continues, one can expect a sharp drop to the support zone at $0.40.

ADA is trading at $0.4261 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