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BTC, SOL, ADA and BNB Price Analysis for June 23


u.today 23 June 2022 16:00, UTC
Reading time: ~2 m

The growth has continued on the cryptocurrency market as most of the coins are in the green zone.

Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) is almost unchanged since yesterday, with a rise of 0.44%.

BTC/USD chart by TradingView

On the daily chart, Bitcoin (BTC) keeps trading above the $20,000 mark, which means that bulls control the situation. However, the main cryptocurrency has not accumulated enough power for a mid-term rise. In this case, the more likely scenario is sideways trading in the range of $20,500-$21,500 until the end of the week.

Bitcoin is trading at $20,523 at press time.

BNB/USD

Binance Coin (BNB) is the biggest gainer from the list today, rising by 4.40%.

BNB/USD chart by TradingView

Binance Coin (BNB) has continued to rise after the test of the $200 mark. At the moment, the rate of the native exchange coin is approaching the resistance at $236.8. However, if bulls keep the pressure on, there are chances to see a breakout, followed by a further upward move to $250.

BNB is trading at $226.9 at press time.

ADA/USD

Cardano (ADA) has grown the least today, going up by only 0.15%.

ADA/USD chart by TradingView

Cardano (ADA) is neither bullish nor bearish as the price is far from its crucial levels. But until the rate is above $0.45, there are more chances to see a rise than a fall. However, the volume may increase so that bulls can finally seize the initiative.

ADA is trading at $0.4665 at press time.

SOL/USD

Solana (SOL) is following the rise of other coins, rising by 3.45%.

SOL/USD chart by TradingView

Solana (SOL) is approaching the resistance of the wide channel at $37.37 on the daily chart. If the daily candle closes near the $37 mark, the ongoing growth may lead to the test of the $40 zone within the next few days.

SOL is trading at $36.41 at press time.


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