ADA and BNB Prediction for August 26
08/26/2024 23:17How long can correction of Binance Coin (BNB) and Cardano (ADA) last?
Original U.Today article
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Bulls have failed to hold the weekend's growth, according to CoinStats.
ADA/USD
The rate of Cardano (ADA) has dropped by 4.3% over the last 24 hours.
The price of ADA has continued yesterday's drop, which means sellers keep controlling the situation on the market.
If nothing changes by the end of the day, the decline may lead to the test of the $0.36 area soon.
ADA is trading at $0.372 at press time.
BNB/USD
Binance Coin (BNB) is not an exception to the rule, falling by 2.66%.
On the daily chart, there are no reversal signals yet. In this case, the ongoing correction may continue to the $540 area. Such a scenario is relevant until the end of the week.
BNB is trading at $560.40 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].
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