BTC, ADA and BNB Price Analysis for October sixteen

BTC, ADA and BNB Price Analysis for October 16


The weekend kicked off with continued industry development as all best ten coins remained in the green zone.

Top Coins According to CoinMarketCap

BTC/USD

The Bitcoin (BTC) charge continues to climb, moving closer to a peak all around $64,000. It has acquired two.70% in the final 24 hrs.

BTC/USD chart by TradingSee

After hitting the $64,000 mark, Bitcoin (BTC) is dealing with a quick-phrase correction. Such a move could be witnessed as a drop in advance of the assault of the all-time higher.

In this situation, value action is additional probable than a retest of the liquidity zone all around $58,000, followed by a swift rally to $60,000.

Bitcoin is trading at $60.839 at press time.

ADA / USD

Cardano (ADA) is the greatest gainer nowadays with a get of two.54%.

ADA/USD chart by TradingSee

Despite the stock’s development, Cardano (ADA) stays in the accumulation zone as it failed to rally promptly soon after retesting the $one.90 degree. Low trading exercise is also confirmed by flat trading volume. Therefore, a consolidation in the $two.twenty-$two.thirty zone is attainable upcoming week.

ADA is trading at $two.twenty at press time.

BNB / USD

Binance Coin (BNB) is no exception as the rise of the cryptocurrency has accounted for ten.82% more than the previous week.

BNB/USD chart by TradingSee

On the each day chart, Binance Coin (BNB) is moving closer to the $509.seven resistance degree. Trading volume is growing, which signifies that the bulls are poised for a breakout. If they control to repair over the resistance, the rally can proceed to $550 and over.

BNB is trading at $466.60 at press time.

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