ADA, BNB, DOGE and SHIB Price Analysis for June 17

Most of the coins are recovering after a few days of decline; however, there are a few exceptions to the rule.

BNB/USD

The rate of Binance Coin (BNB) has risen by almost 2% over the last 24 hours.

Despite slight growth today, the rate of the native exchange coin is located near the support zone, which means that bears' pressure continues.

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Thus, the buying volume is low, confirming bulls' weakness. In this case, the daily candle near the $210 mark might be a prerequisite for a breakout below $200 soon.

BNB is trading at $214.8 at press time.

ADA/USD

Cardano (ADA) has gained less than Binance Coin (BNB), with a growth of 1.74% since yesterday.

From the technical point of view, Cardano (ADA) is looking better than Binance Coin (BNB) as the rate is far away from the support level at $0.3974. However, the altcoin could not come back above the $0.50 zone, which means that it has not accumulated enough power for a further rise. Respectively, sideways trading in the range of $0.45-$0.50 is the more likely scenario for the upcoming days.

ADA is trading at $0.4858 at press time.

DOGE/USD

DOGE is the biggest gainer from the list today, going up by 2.45%.

DOGE is trying to return to the middle of the wide channel after the false breakout of the support level at $0.05134. At the moment, neither bulls nor bears are dominating as the price is stuck around the $0.056 mark. All in all, if buyers can hold the support, there are chances to see the test of the $0.060 zone shortly.

DOGE is trading at $0.05652 at press time.

SHIB/USD

SHIB could not follow the rise of DOGE, falling by 0.24%.

SHIB has broken the support at $0.0000907 and formed a new one at $0.00000742. Currently, the price is trying to hold above the $0.0000080 mark. If buyers fail to do that, one can expect a continued drop to $0.0000075 soon.

SHIB is trading at $0.00000815 at press time.