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BTC, ADA and BNB Price Analysis for September 10

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Sat, 10/09/2022 - 13:44
BTC, ADA and BNB Price Analysis for September 10
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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After a few days of growing rates, traders might have started fixing their positions as some coins are in the red zone.

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Top 10 coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) managed to stay in the green zone, going up by 1% since yesterday.

BTC/USD chart by TradingView

On the daily chart, the rate of Bitcoin (BTC) has slightly gone down as bulls might need more time to accumulate power for a further rise.

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If they can return the price to the $20,600 mark, the chances for a test of the mirror level at $22,400 would increase.

Bitcoin is trading at $21,316 at press time.

BNB/USD

The rate of Binance Coin (BNB) is almost unchanged since yesterday. It has only risen by 0.12%.

BNB/USD chart byTradingView

Despite the slight rise, Binance Coin (BNB) remains in the bullish zone as the price is above the $292 mark. At the moment, the native exchange coin might need more time to get power for a continued rise. If the candle can close near $300, the upward move could lead to a test of the $310-$320 zone soon.

BNB is trading at $293.2 at press time.

ADA/USD

Cardano (ADA) has gained the most value today, rocketing by 4% over the last 24 hours.

ADA/USD chart by TradingView

Cardano (ADA) has broken the $0.51 level, which served as resistance for a long time. If buyers can hold the gained initiative and the volume remains high, one can expect an ongoing rise of the altcoin.

ADA is trading at $0.5160 at press time.

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