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BTC, ADA and BNB Price Analysis for April 19

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Tue, 19/04/2022 - 15:46
BTC, ADA and BNB Price Analysis for April 19
Cover image via www.tradingview.com

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.

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Bulls have seized the initiative as all of the top 10 coins are in the green zone.

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Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) has continued yesterday's growth, going up by 5.44%.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the daily chart, Bitcoin (BTC) is coming back to the local resistance level at $41,557 against increased trading volume. If buyers can fix above it and the volume keeps growing, there is a chance to see further growth to $44,200. Such a scenario is relevant until the end of the current month.

Bitcoin is trading at $41,546 at press time.

ADA/USD

Cardano (ADA) is following Bitcoin (BTC), going up by 4.79% over the last 24 hours.

ADA/USD chart by Trading View
ADA/USD chart by Trading View

Cardano (ADA) is trading in the narrow range of $0.863-$0.994. At the moment, one needs to pay close attention to the local resistance. If the trading volume remains the same and the daily candle fixes around the $1 mark, the upward move may continue to $1.10 within the next week.

ADA is trading at $0.954 at press time.

BNB/USD

Binance Coin (BNB) has grown the least from the list, rising by 3.85%.

​BNB/USD chart by TradingView
BNB/USD chart by TradingView

Binance Coin (BNB) is trading similar to Cardano (ADA) as the rate of the native exchange coin is approaching the local resistance at $424. Overall, if buyers can hold the gained initiative and return the price to $430-$440 zone, the growth may lead to the next vital level at $455 soon.

BNB is trading at $421 at press time.

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