Forecasting ADA and BNB Prices: April 8 Analysis

APRIL 8 ANALYSIS

ADA/USD

The rate of Cardano (ADA) has increased by almost 2% over the last 24 hours.

On the daily chart, traders should pay attention to the candle’s closure in terms of the level of $0.5967. If it happens above that mark and with no long wick, growth may continue to the $0.62 zone shortly.

ADA is trading at $0.6055 at press time.

BNB/USD

Binance Coin (BNB) has gained less than ADA, going up by 0.14% since yesterday.

Unlike ADA, the rate of BNB is not looking so bullish. At the moment, one should focus on the interim zone of $600. If it breaks out, there is a high chance to see a test of the resistance of $620 soon.

BNB is trading at $590 at press time.