Wednesday, January 26, 2022
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Cardano(ADA) Price Is Not Dead But Passive

Cardano is one such asset that has been almost stagnant for a long time while following a downward trajectory. The asset maintained a horizontal trend for more than a month and later followed a declining trend for another month. After a long wait of nearly 3 months, the ADA price is showcasing a little bullish momentum. Moreover, it is attempting a trend reversal that points out that it may be a perfect time to buy Cardano. 

The Cardano price in the short-term is extremely bullish as the price broke from the descending pattern a couple of hours ago. No doubt, the asset is consolidating currently, yet manifesting the tendency to hit the immediate resistance levels at $1.44. Interestingly, the support levels are held strong that points out towards a healthy uptrend. Yet the strong resistance levels reside around $1.6, surpassing these levels may validate an upturn. 

Binance Coin Price is In Range-Bound, What’s Next?

Binance coin price which is known to secure its position from much lower levels to as high as within the top 5 is indicating a misty trend ahead. The asset is currently swinging within the specified resistance and support levels. And therefore the direction of the next leg is still misty as the asset may experience a notable surge or a plunge hereafter. 

As the chart specifies, the asset is trending within the resistance and support levels in between $544 and $510.Whenever, the asset is trending within a range-bound region, the outcome will be on either side. Therefore, BNB prices possess both possibilities of breaking through the resistance or the support levels. 

Collectively, Cardano and Binance coin are such tokens within the top 10 that rally without huge noise. Yet both the assets are currently manifesting a misty trend, the upcoming couple of days may be pretty crucial to decide the next leg. ADA price despite trending within small braces has the capability to hit $1.5 and BNB price could hit $550 at the earliest.

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