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ETH, BNB and ADA Price Analysis for February 28

Price Analysis
Mon, 02/28/2022 - 16:20
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Denys Serhiichuk
Has the coin got enough power to keep rising?
ETH, BNB and ADA Price Analysis for February 28
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 start of the week is neither bullish nor bearish as some coins keep rising while others are already in the red zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

ETH/USD

Ethereum (ETH) is going up by less than 1% over the last 24 hours.

XRP/USD chart by TradingView
ETH/USD chart by TradingView

Ethereum (ETH) is about to break the resistance at $2,815 on the daily chart. If bulls can hold this mark until the end of the day, there is a chance to see further growth to the next level at $3,299 within the next few weeks.

Related
BTC, DOGE and SHIB Price Analysis for February 25

However, such a scenario might be possible only if the leading altcoin can get to the vital $3,000 mark.

Ethereum is trading at $2,804 at press time.

ADA/USD

Cardano (ADA) is the biggest gainer from the list today as the altcoin has risen by 3.22%.

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

Despite today's growth, bulls need to get to the important $1 mark to keep the rise going. If they manage to do that and break the resistance at $1.003, the growth may lead the rate of ADA to the next level at $1.20 until mid-March.

ADA is trading at $0.924 at press time.

BNB/USD

Binance Coin (BNB) is showing a rise around 1% since yesterday.

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

From the technical point of view, Binance Coin (BNB) is also about to break the resistance at $384. The native exchange coin has accumulated enough power for a sharp move. In this regard, the breakout may be a prerequisite for growth to the $400 mark soon.

BNB is trading at $381 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.