Member-only story
Bitcoin, Cardano, Binance, LUNA and Solana Price Analysis for 5th March
Bitcoin
Bitcoin (BTC) has dropped in value by 6% in the previous day.
Bitcoin (BTC) has entered the negative zone after the breach of the $40,000 support level. The selling trade volume is still significant, suggesting that the decline may continue.
In this event, the price drop may push the major cryptocurrency to the next support level at $34,000.
At the time of writing, Bitcoin was trading at $39,043 USD.
Cardano
Cardano (ADA) has lost less than Bitcoin (BTC) due to a 2.95 percent price decline.
On the daily chart, Cardano (ADA) is still trading above the $0.81 support level, indicating that bulls continue to dominate the market.
However, if the pressure persists and a breakthrough happens, the slide might reach $0.70 next week.
At the time of writing, ADA was trading at $0.86.
Binance Coin
Binance Coin (BNB) has fallen 4.23 percent in response to the dip in BTC.
From a technical standpoint, the rate is in the center of a broad channel that runs between the support at $336 and the resistance at $443. Bears will continue to…
