BTC ADA BNB ANALYSIS 16 AUGUST

Bears are beginning to take the opportunity as a majority of the coins on that top 10 are located in that red area. The BTC/USD cryptocurrency (BTC) has been the biggest losser today, falling by 1.36 percent. Bitcoin (BTC) will not remain above $24,000 for long and that means bulls could require more time to accumulate their strength.

Bitcoin

At present, it is necessary to keep an eye on the support level local to $23,615. If it is lost by buyers and the price falls, it could cause a test of the $23,000 mark in the near future.

Bitcoin trades at $23,801 as of the time of writing. Bitcoin/USD Binance Coin (BNB) isn’t any exception to this general rule and is down 0.93 percent.

BNB

The most likely scenario is the testing of the $305.7 mark, which is then a false break. This could occur when the daily candle is lower than $310 in the chart for daily. BNB trades at $314.3 as of press time.

Cardano (ADA)

The ADA/USD cardano (ADA)  described  the “biggest gainer” with a decline of 0.63 percent. In contrast to other coins, Cardano (ADA)  fixed above the $0.5472 mark. If the market does not alter by the time the day ends and the trend continues upward, it could be extended to the $0.60 zone within the next few hours. ADA trades at $0.5586 at the time of writing.

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