Cryptocurrencies Price Prediction: Cardano, Bitcoin & Binance– American Wrap 25 April
Time for ADA bulls to fly back above $0.42 as trifecta of support in Cardano price bound to kick in
Cardano (ADA) price has been tanking near 17% after its peak in April when bulls could head above $0.46 briefly. Since then, it has been a one-way ticket to the downside with not much outlook for a rebound. Until now that is – as a trifecta of supportive elements is just around the corner and ready to not only underpin the price action in Cardano but trigger a bounce back upwards.
Bitcoin price rally is largely driven by BTC utility, usage and network adoption. Experts have noted periods of divergences in on-chain metrics that signal a short-lived Bitcoin price rally or bull trap.
Binance (BNB) price is primed for some short-term volatility as Binance Corp has quietly opened up shop again in Russia. By allowing Russian citizens back onto its exchange, Binance is breaking the gentleman's agreement it made with the US authorities and several other G7 nations to help with the sanctions package against Russia. Expect over the short-term to see a pickup in volume with price action ready for a pop toward $355, while longer term the exchange is exposing itself again to possible counter sanctions from G7 nations with legal actions and possible bans for Binance to operate in these countries.
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FXStreet Team
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