ADA and BNB Price Prediction for June 17

Category: Crypto News, News

ADA and BNB Price Prediction for June 17

By Editorial team of BIPNs│Published On: June 18, 2024│1.2 min read│Views: 134│0 Comments│

Denys Serhiichuk

Can traders expect more profound drop from Cardano (ADA) and Binance Coin (BNB)?

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Bears keep controlling the situation on the market at the beginning of the week, according to CoinMarketCap.

Top coins by CoinMarketCap

ADA/USD

The price of Cardano (ADA) has fallen by 2.91% over the last 24 hours.

Image by TradingView

On the daily chart, the rate of ADA is near the support level of $0.3994.

If the situation does not change by the end of the day, there is a chance to see a breakout, followed by a move to the $0.38-$0.39 zone soon.

ADA is trading at $0.4043 at press time.

BNB/USD

Binance Coin (BNB) is less of a loser, going down by 1.05%.

Image by TradingView

From the technical point of view, the rate of BNB is rather more bearish than bullish. If the decline continues to the support of $591.3, the accumulated energy might be enough for a dump to $580.

BNB is trading at $603.2 at press time.

About the author

Denys Serhiichuk

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.

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Written by : Editorial team of BIPNs

Main team of content of bipns.com. Any type of content should be approved by us.

Category: Crypto News, News