BTC, BNB and ADA Price Analysis for June 12


Sunday was not an exception as bulls have continued the drop.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has declined by 8% over the last week.

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BTC/USD chart by TradingView
BTC/USD chart by TradingView

Bitcoin (BTC) is about to close the weekly candle below the support level at $27,757. From the mid-term point of view, the main coin has accumulated enough power for a more profound price decrease. In this case, if buyers cannot return the rate to the $29,000 zone, there are chances to see BTC even at $20,000 for one coin.

Bitcoin is trading at $27,304 at press time.

BNB/USD

Binance Coin (BNB) is the biggest loser from the list as it has dropped weekly by 13.62%.

BNB/USD chart by TradingView
BNB/USD chart by TradingView

Binance Coin (BNB) is on the way to its support level at $238.50 on the weekly time frame. The native exchange coin cannot withstand BTC’s fall, which means that there are more chances to see the test of the next vital level at $148 within the month.

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BNB is trading at $256.5 at press time.

ADA/USD

The rate of Cardano (ADA) has declined by 12% since yesterday, while the price change over the last week has constituted -9.29%.

ADA/USD chart by Trading View
ADA/USD chart by Trading View

Cardano (ADA) is far away from its crucial levels; however, the altcoin is following the overall market fall. Thus, the selling volume is rising, confirming bears’ power. Respectively, one can expect the retest of the $0.3974 level next week.

ADA is trading at $0.5078 at press time.


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