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BTC, ADA and BNB Price Analysis for March 9

Price Predictions
Tue, 03/09/2021 - 15:04
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Denys Serhiichuk
Which crypto has a greater chance to pump in the short-term scenario?
BTC, ADA and BNB Price Analysis for March 9
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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The market keeps rising higher and all of the top 10 coins are in the green zone. Binance Coin (BNB) is the top gainer among them, rising by 16% over the last day.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

The main statistics for Bitcoin (BTC), Cardano (ADA) and BNB:

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$1,014,280,339,604 $54,753.29 $52,754,008,485 8.90%

Cardano

ADA

$37,711,050,076 $1.18 $4,625,099,935 5.51%

Binance Coin

BNB

$41,782,425,595 $268.95 $6,903,843,669 15.76%

BTC/USD

Sellers pushed the Bitcoin (BTC) price down to the two-hour moving average EMA55 yesterday morning.

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

After lunch, buyers seized the initiative and began to restore the pair to the area of the recent high. At the end of the day, the price tested the resistance of $52,000. The bulls broke through this resistance level tonight and renewed the March high with average volumes around the $54,170 mark.

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If the recovery continues in the morning, the price will test the level of $55,000. In the event of a rollback, the pair will return to the level of $52,000.

Bitcoin is trading at $54,610 at press time.

ADA/USD

Cardano (ADA) gained the least today. The price of the altcoin has risen by 5.51% since yesterday.

ADA/USD chart by TradingView
ADA/USD chart by TradingView

The growth may not have finished yet as Cardano (ADA) keeps trading within the rising channel. That is why there are reasons to expect the restest of the resistance at $1.33 soon.

Cardano is trading at $1.18 at press time.

BNB/USD

Binance Coin (BNB) is the top gainer today. The rate of the native exchange token has rocketed by 16%.

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

As is the case with Cardano (ADA), the rise has just begun and sharp growth may continue after a breakout of the $282 mark. In this regard, BNB might move to a peak at around $347 to make a restest of it.

Binance Coin is trading at $271 at press time.

 
 
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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 denys.serhiichuk@u.today.