Technical Analysis: Bitcoin (BTC), Cardano (ADA) and Binance Coin (BNB) Price Forecasts!

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Crypto currency investors have not been having a good day for a few days. Bitcoin with its correction, many altcoins have loosened up to the bottom supports. So when will the losses be compensated, altcoin when will prices reach their previous levels again? Of course, for this, first of all, the total value of the market must reach the level of 3 trillion dollars again. While Bitcoin dominates the market, everyone’s fate seems to depend on it.

Bitcoin (BTC)

At the time of writing, the article continues to find buyers from $ 58,000 BTC price today it has loosened up to the level of 55.600. While many analysts expect a new bottom between 53,000 and 54,000, the price that made an early comeback dec jump back to 60,000 if it can hold above the $58,000 support. The weekend has arrived, and we are approaching the time when the market will be relatively weak in volume. During this time, the bulls can repress and push the price even higher.

The data shared by Glassnode confirms that novice investors have played an active role in recent sales. It is seen that old wallets continue to make purchases during this period, especially in the region of 56.000. RSI it is currently located below the neutral zone, closures of $ 58,890 and above are needed for investors to relax. The price should not sag below $ 55,000 in the short term, if something like this happens, new needles may arrive in the region of $ 50,000.

Cardano (ISLAND)

ISLAND price at the time of writing, it is at $ 1.87. The RSI is in the neutral zone and the momentum seems weak. The price suppressed by Bitcoin is above the 1,84 support in the short term BTC depending on their movement, 1,946 tests may come. If the current support is broken, the 1.67 dollar will try to stay strong. The price has made 5%+ after the bottom it saw today and may continue to recover.

Cardano (NAME) to return on the rising train, it will have to exceed $ 2, while the main goal will be to exceed the $ 3.56 level in the nearest bull. Smart contract its capabilities and expanding ecosystem are likely to support this goal in the medium term.

The bottom support will be 1.02 and 1.54.

Binance Coin (BNB)

The sales pressure is relatively weaker compared to other altcoins, and the fact that the price can hold above $ 560 can be said as a good development. The resistance of the 602 dollar will be critical for the upward attack. BTC the price, which was pulled to the bottom with, increased by about 10% from the point where the needle was thrown.

Binance Coin (BNB) it is already above the rising trend line. If he was able to consider short-term investments as an opportunity to buy a $ 530 needle, he could target $ 660. If the 602 dollar zone can be maintained, the price will want to reach 705 dollars in the best case scenario. Bitcoin seems to be positive for now, you should still check your current stop zones.

Disclaimer Of Liability: The information contained in this article absolutely does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and they should conduct their transactions in accordance with their own research.
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