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ADA and BNB Price Prediction for January 12
As the cryptocurrency market continues to fluctuate, it’s essential to stay informed about potential price movements. In this article, we will be analyzing Cardano (ADA) and Binance Coin (BNB) and making a prediction based on technical analysis.
Cardano (ADA)
Firstly, let’s take a look at Cardano (ADA). As per the current market trends and our analysis, it seems that ADA is likely to continue its downward movement due to the ongoing correction. In this case, the correction is likely to continue to the interim zone of $640.
Our previous prediction mentioned that the price would potentially drop to $620 before finding support, which we’ve seen come true. However, as the cryptocurrency continues to correct itself, it’s crucial for investors to remain cautious and keep an eye on the market.
For those who are new to trading, we’ll provide a brief overview of what technical analysis entails.
Source: u.today
