ADA and BNB Prediction for August 19

Bulls are losing their initiative at the beginning of the week, according to CoinMarketCap.

ADA/USD

The price of Cardano (ADA) has gone down by 2.26% over the last 24 hours.

On the daily chart, the rate of ADA is rather more bearish than bullish as it is coming back to the support level of $0.3204. If it breaks out, the decline may continue to the $0.30-$0.31 range by the end of the week.

ADA is trading at $0.33 at press time.

BNB/USD

Unlike other coins, the rate of Binance Coin (BNB) is rising by 0.36%.

From the technical point of view, the price of BNB is bullish, as it is on the way to test the resistance level of $545.30.

If buyers can hold the gained initiative, the accumulated energy might be enough for a test of the $560-$580 zone.

BNB is trading at $540.9 at press time.

Source