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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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Recently, the Crypto Assets market has shown a strong rising trend, with the market capitalization surpassing the 4 trillion dollar mark. Against this backdrop, two well-known Crypto Assets, BNB and ADA, have stood out, attracting widespread follow from investors.
The BNB coin has performed remarkably in recent times, with a rise of 10% over the past seven days. The current price has climbed to 830 USD, just one step away from its historical high of 859 USD. With the daily trading volume surpassing 2.8 billion USD, BNB may be entering a new phase of price exploration. However, technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) suggest that BNB may have entered the overbought zone, posing a risk of a pullback in the short term.
Nonetheless, the current strong upward momentum may drive BNB to continue rising. Market analysts predict that BNB is expected to hit a target price of $920. However, investors should also be cautious, as if the current support level cannot be maintained, BNB may fall back to the 30-day low of $675.
Meanwhile, Cardano (ADA) has also shown strong pump momentum. The price of ADA recently surged by 15%, breaking through the $0.8 mark, with a market capitalization reaching $29.7 billion, further consolidating its position in the Crypto Assets market. The daily trading volume of ADA skyrocketed to $2 billion, an increase of 40%, demonstrating strong interest from investors in this coin.
As the rise accelerates, the possibility of ADA breaking through the $1 barrier is increasing. Market analysis suggests that if ADA can successfully break through the $0.9 mark, it may trigger a stronger pump, further enhancing its influence in the altcoin market.
It is worth noting that, according to data from Messari, the investor interest in ADA has risen by 13%, providing strong support for its price pump. However, the Crypto Assets market has always been highly volatile, and investors should remain cautious when making decisions, thoroughly assessing potential risks.
Overall, the strong performance of BNB and ADA reflects the current heat of the Crypto Assets market. As the market continues to evolve, the subsequent performance of these two Crypto Assets will be worth following.