ADA and BNB Price Prediction for July 8
07/08/2024 21:57Which altcoins can bounce back this week?
Original U.Today article
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.
Some coins are trying to come back to the green zone, according to CoinStats.
ADA/USD
The price of Cardano (ADA) has risen by almost 2% over the last 24 hours.
On the daily chart, traders may witness a local bounce back; however, one should pay attention to the bar's closure.
If it happens near $0.3740, buyers may seize the initiative, which can lead to an upward move to $0.38.
ADA is trading at $0.37 at press time.
BNB/USD
Binance Coin (BNB) has followed the rise of ADA, going up by 1.72%.
The rate of BNB is trading similar to ADA. If buyers can hold the gained initiative until the end of the day, there is a chance to see a test of the resistance level of $551 by the end of the week.
BNB is trading at $521 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 [email protected].
Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox