ADA and BNB Price Prediction for October 7

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Original U.Today article

Denys Serhiichuk

Can rates of Cardano (ADA) and Binance Coin (BNB) set new local peaks soon?

ADA and BNB Price Prediction for October 7

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Most of the coins keep trading in the green zone, according to CoinStats.

ADA/USD

The rate of Cardano (ADA) has risen by 2.14% over the last 24 hours.

Despite today's growth, the price of ADA is looking bearish on the daily chart.

If the situation does not change by the end of the day, the correction may continue to the $0.35 range soon.

ADA is trading at $0.3563 at press time.

BNB/USD

Binance Coin (BNB) has followed the rise of ADA, going up by 1.47%.

On the daily chart, the rate of BNB is far from key levels. The volume keeps falling, which means neither bulls nor bears are ready for a sharp move. In this case, ongoing consolidation in the area of $560-$580 is the more likely scenario.

BNB is trading at $571.2 at press time.

About the author

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].