Analytics

BTC, ADA and BNB Price Analysis for August 27

The weekend has started with ongoing bears’ pressure as all the top 10 coins are in the red zone.

BTC/USD

The price of Bitcoin (BTC) has dropped by 7% over the last 24 hours.

Bitcoin (BTC) has made a false breakout of yesterday’s low at $20,119. While the price is above the vital $20,000 mark, bulls have a chance for a local bounce back. Thus, a CME gap is formed near the $20,700 zone. In this case, there is a chance to see a correction to the aforementioned area soon.

Bitcoin is trading at $20,175 at press time.

ADA/USD

Cardano (ADA) has lost less value than Bitcoin (BTC), as its price has declined by 5.49%.

From the technical point of view, Cardano (ADA) is looking better than Bitcoin (BTC), as bulls are showing strength after yesterday’s sharp drop. If the candle closes near the $0.45 mark, the rise may continue to $0.48 next week.

ADA is trading at $0.4495 at press time.

BNB/USD

Binance Coin (BNB) has lost the least value, as its price has dropped by 4.83%.

Binance Coin (BNB) has bounced off the $280 mark, which means that there is a chance to see a correction. If the trading volume increases, the rise may lead to a test of the local resistance zone at $290 very soon.

BNB is trading at $283.4 at press time.

   

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