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ADA and BNB Price Analysis for October 23

source-logo  u.today 23 October 2022 14:27, UTC
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Bears keep their pressure as most of the coins remain in the red zone.

Top 10 coins by CoinMarketCap

ADA/USD

The rate of Cardano (ADA) has declined by 0.85% over the last 24 hours.

<span class=ADA/USD chart by TradingView" src="https://cnews24.ru/uploads/313/313217ace78f4d0e2a0a19bca868eefe6615b5a2.png" size="2708x1320">

On the daily chart, Cardano (ADA) is still trading sideways as neither side has accumulated enough power for a sharp move. If buyers want to start a bull run, the price must be fixed above the $0.36 zone.

ADA is trading at $0.3490 at press time.

BNB/USD

Binance Coin (BNB) has lost less as its price has only dropped by 0.12%.

<span class=BNB/USD chart byTradingView" src="https://cnews24.ru/uploads/c4a/c4aa95c7c86431004a6bf8cb4d92abffdd94bcf4.png" size="2708x1320">

From the technical point of view, Binance Coin (BNB) is also trading sideways, like Cardano (ADA), against the low volume. Currently, one should pay attention to the $270 mark.

If the bar closes above it, the upcoming week might be bullish for the native exchange coin.

BNB is trading at $269.7 at press time.

u.today