As a seasoned researcher and crypto enthusiast with years of experience navigating the volatile world of digital currencies, I find myself observing a mixed bag today. While BNB, SOL, and ADA have opened green, it seems the sellers are far from ready to throw in the towel.
BNB, SOL, and ADA opened in green today, but sellers don’t appear ready to give up.
1. BNB Price Prediction
Today, Binance Coin has resumed its upward trajectory following a brief dip. The current price stands at $544, with the overall trend showing strength as the critical support level at $500 successfully thwarted any downward pressure from sellers, preventing this cryptocurrency from dropping further.
At the moment, bulls aim to reach a price point of $600. Should they manage to transform this level into a support, they may subsequently aim for $700.
BNB is standing at $544 at press time.
2. SOL Price Prediction
Regardless of starting off positively on Tuesday, Solana has been finding it tough to overcome the significant hurdle at $134. Since early September, this barrier has prevented the price from advancing further. Until sellers are unable to hold it, any potential rally must be postponed.
Given the anticipated Federal Reserve’s interest rate announcement tomorrow, we might see market volatility resurface, potentially offering Solana a chance to overpower its current resistance level.
SOL is standing at $133 at press time.
3. ADA Price Prediction
Despite Cardano‘s effort to surpass the 37 cent mark, it didn’t succeed and since then, the price has been declining. Currently, traders are trying to turn this negative trend around and regain control of ADA‘s price hike. Yet, the trading volume is insufficient at the moment to effectively drive the price up.
If bulls fail to regain dominance in the market, it’s possible that Cardano (ADA) could challenge its current support level of 31 cents again, until sellers exhaust their position and buyers feel confident enough to re-enter.
ADA is standing at $0.33 at press time.
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2024-09-17 16:06