BTC, ADA and BNB Price Analysis for August 16

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BTC, ADA and BNB Price Analysis for August 16
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Which coins can stay strong while the market is facing a correction? CardanoStiftung ADAcoin_ Cardano cardano Cardano_ emurgo_io CardanoCommunity Dave_Jonez_02 BNB Pain_Alive_BNB Binance_DEX BinanceResearch

Bitcoin is the main loser today, going down by 1.36%.for a long time, which means that bulls might need more time to accumulate power. Currently, one needs to pay close attention to the local support level of $23,615. If buyers lose it, the fall can lead to the test of the $23,000 area soon.Binance Coin is not an exception to the rule, falling by 0.93%.

Binance Coin is trading similarly to Bitcoin as the native exchange coin might face a slight correction before possible growth. At the moment, the more likely scenario is the test of the $305.7 level, followed by its false breakout. Such a scenario can happen if the daily candle closes below $310 on the daily chart.Cardano is the so-called"biggest gainer" with a fall of 0.63%.

Unlike other coins, Cardano has fixed above the $0.5472 level. If the situation does not change by the end of the day, the upward move may continue to the test of the $0.60 zone shortly.

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