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ADA and BNB Price Analysis for February 25

source-logo  u.today 25 February 2023 14:30, UTC
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The weekend has started with an ongoing drop of most of the coins.

Top coins by CoinMarketCap

ADA/USD

Cardano (ADA) has lost a lot of value today, falling by 5%.

<span class=ADA/USD chart by TradingView " src="https://cnews24.ru/uploads/97c/97ce9a9f03cec39265ac2a7337c126132e778f67.png" size="1823x845">

On the daily chart, the price of Cardano (ADA) has reached the $0.36 mark, which is crucial to hold for buyers. If the candle closes below it, there is a chance to see a further drop to the support at $0.3469. Such a scenario is relevant until the end of the upcoming week.

ADA is trading at $0.3637 at press time.

BNB/USD

Binance Coin (BNB) has lost less than Cardano (ADA), going down by 2.79% over the last 24 hours.

<span class=BNB/USD chart by TradingView" src="https://cnews24.ru/uploads/377/377101ad952d99ef38dcb1910b3c92b70a1e7bbf.png" size="1823x845">

From the technical point of view, Binance Coin (BNB) is trading similarly to Cardano (ADA) as the rate is located near the important mark of $300. If bulls lose it, the accumulated energy might be enough for a decline to the support at $281.1.

BNB is trading at $301.2 at press time.

u.today