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.
Bulls could not hold the initiative for a long time as most of the coins have come back to the red zone.
BNB/USD
The rate of Binance Coin (BNB) has declined by 1.59% since yesterday.
Despite the fall, Binance Coin (BNB) remains bullish as the price keeps trading above the support level at $286.6. At the moment, the more likely scenario is sideways trading in the range of $290-$295 so that buyers can accumulate more power for a further upward move.
BNB is trading at $290.8 at press time.
ADA/USD
Cardano (ADA) has followed the drop of Binance Coin (BNB), going down by 1.45%.
Unlike Binance Coin (BNB), Cardano (ADA) is looking more bearish than bullish as the price is coming back to the $0.42 level. If bears’ pressure continues, one can expect a sharp drop to the support zone at $0.40.
ADA is trading at $0.4261 at press time.
Source: https://u.today/ada-and-bnb-price-analysis-for-october-5