Market Insights: Binance Coin (BNB) and Cardano (ADA) Price Predictions for December 16
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ADA and BNB Price Prediction for December 16
The cryptocurrency market has been experiencing a turbulent period lately, with many coins falling victim to the bearish trend. Binance Coin (BNB), being one of the top cryptocurrencies by market capitalization, is not an exception to the rule, falling by 1.06%. However, it’s essential for investors and traders to stay informed about the future price movements of these assets.
From a technical perspective, it’s worth noting that the Binance Coin (BNB) chart is looking less bearish compared to Cardano (ADA). While the cryptocurrency continues to struggle near its support levels at around $700, there remains some hope that it could potentially break through this zone. If the rate approaches this area, a level breakout could be seen, followed by a test of the $690 region.
At press time, BNB is trading at $711.76.
Source: u.today
