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BNB and ADA Price Analysis for September 24

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Sat, 24/09/2022 - 10:31
BNB and ADA Price Analysis for September 24
Cover image via www.tradingview.com

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The weekend has started with slight dominance of bulls over bears as most coins are in the green zone.

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Top coins by CoinMarketCap

BNB/USD

The rate of Binance Coin (BNB) has almost not changed since yesterday.

BNB/USD chart by TradingView

On the daily chart, Binance Coin (BNB) is located in the middle of the channel between the support at $258.6 and the resistance at $298.6. The volume has declined, which means that the native exchange coin keeps accumulating power for a sharp move. Further growth might only be possible if the rate approaches the $290-$295 zone and fixes there.

Binance Coin is trading at $281.7 at press time.

ADA/USD

The rate of Cardano (ADA) has increased by 0.54% over the last day.

ADA/USD chart by Trading View

Despite the rise, Cardano (ADA) seems not ready for growth yet as buyers could not get it back to the vital $0.50 mark. If buyers cannot seize the initiative, the fall may continue and lead to a breakout of the nearest support level at $0.4258.

Cardano is trading at $0.4595 at press time.

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