ADA and BNB Prediction for August 26

08/26/2024 23:17
ADA and BNB Prediction for August 26

How long can correction of Binance Coin (BNB) and Cardano (ADA) last?

Original U.Today article

ADA and BNB Prediction for August 26

Cover image via U.Today

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Bulls have failed to hold the weekend's growth, according to CoinStats.

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Top coins by CoinStat

ADA/USD

The rate of Cardano (ADA) has dropped by 4.3% over the last 24 hours.

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Image by TradingView

The price of ADA has continued yesterday's drop, which means sellers keep controlling the situation on the market. 

Related

DOGE and SHIB Prediction for August 25

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%.

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Image by TradingView

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

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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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