Although Cardano (island) has recently been defeated by volatility, new analyzes give hope. Analysts foresee that Cardano, which follows the BNB rising trend, can reach $ 1. So, what is expected for these two crypto currencies in the coming days? Come, let’s look at the details together.
Can the rise of BNB trigger Cardano?
Famous analyst Ali Martinez, Cardano’nun BNB’s rise trend can follow, he said. According to Martinez, BNB’s exceeding $ 650 can allow Cardano to reach $ 1. Interestingly, BNB passed this level and a slight rise was observed in the island. Martinez draws attention to similarities in the price graphics of Cardano and BNB. Both beings showed a recovery after experiencing significant decreases. This recovery, led by the BNB, increases the speculation that Cardano can experience a similar rise.
Technical indicators also support this theory. If Cardano breaks $ 0.82 resistance, the target of $ 1 may become realistic. The island, which is currently traded for $ 0.7805, can rise up to $ 15 in optimistic scenarios.
Does BNB break its new record?
Despite the volatility in the crypto market, the BNB entered an early recovery process. Currently traded for $ 702.94 BNB, 9 %in the last 24 hours has increased. The weekly rise reached 21 %.
Binance’s strategic treasure re -allocation supports the rise of the BNB. While the stock market reduces BTC, ETH and left assets, BNB increased its attitude. This move allowed BNB to exceed $ 675 resistance. Analysts predict that if the BNB exceeds $ 704, it can break a new record of $ 800.
Conclusion: What will be the future of Cardano and BNB?
Similar graphic trends of Cardano and BNB reinforce the likelihood of the island to reach $ 1. While the BNB rise continues, Cardano is expected to follow this trend. However, Cardano’s continuous decline tendency is a point to be careful for investors.
In short, Cardano’s target of $ 1 may depend on BNB’s performance. Both beings may experience significant mobility in the coming days. Investors should closely follow technical indicators and market dynamics in this process. Can the future of Cardano and BNB create a new wave of excitement in the crypto world? Time will show.
