• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Altcoin News / Chainlink, Cardano, Binance Coin Technical Analysis on 27th August 2020
Chainlink, Cardano, Binance Coin Technical Analysis on 27th August 2020

Chainlink, Cardano, Binance Coin Technical Analysis on 27th August 2020

August 27, 2020 by Reena Shaw

After enduring a troubling week, the bulls and bears continued to assert dominance over the cryptocurrency market. On the brighter side, the number of Bitcoin [BTC] whales reached an all-time high which indicated that the world’s largest cryptocurrency was still in an accumulation phase.

Following BTC’s minor price change to the positive side, several altcoins also bounced upside.

Chainlink [LINK]

LINK 7 e1598505036485

Over the last year, Chainlink [LINK] has witnessed a meteoric rise. But the latest announcement of crypto trading platform dYdX introduction of LINK-USD perpetual contracts boosted the price closer to the resistance point of $19.2.

LINK was up by 3.25% over the past 24-hours which drove its price to $15.17 as it held a market cap of $5.30 billion and a 24-hour trading volume of $1.21 billion.

Despite the rise, Awesome Oscillator continued to point towards a bearish momentum. Chaikin Money Flow also appeared to be struggling in the bullish region as the inflow of capital to the LINK market declined.

As the bearish pressure sets in, the key levels of support to look out for to the downside are $12.2 and $10.02 respectively.

Cardano [ADA]

ADA 4 e1598505634530

Despite multiple attempts of the bulls to defend the support zone aggressively at $0.112, Cardano was found to be trading close to this point as it continued to set lower highs over the past week.

At the time of writing, ADA was priced at $0.113 after a minor rise of 0.30% over the past day. It registered a market cap of $2.95 billion and a 24-hour trading volume of $293.7 million.

Its technicals, on the other hand, signaled bearishness and faced stiff resistance at $0.132 as the signal line dominated the Klinger Oscillator as well as MACD. Should the coin fail to hold the aforementioned level, its next target in the short-term lies at $0.098.

Binance Coin [BNB]

BNB 1 e1598506306896

Binance Coin [BNB] dismissed an overhead resistance of $22.93. After a brief fall to the $22-level, the coin recuperated as it rose by 0.68% over the past day. BNB was valued at $22.29, at the time of writing and stood at a market cap of $3.21 billion and a trading volume of $238.5 million over the last 24-hours.

The dotted markers of Parabolic SAR hovering above the BNB candles resisted a potential upside break. The RSI, which depicted aggressive selling, flipped above the 50-median line suggesting bulls are at a minor advantage.

The coin’s immediate support stood untested at $19.43.

Filed Under: Altcoin News, News Tagged With: Binance Coin (BNB), binance coin market analysis, binance coin technical analysis, bnb coin marketcap, Cardano (ADA), cardano(ada) technical analysis, Chainlink (LINK), chainlink technical analysis

Primary Sidebar

Recent Posts

  • Massive Solana Whale Transfer Unfolds: Is a SOL Surge Incoming? July 4, 2025
  • Ethereum Surges to $2,593: Will It Smash Through $3,000 Next? July 4, 2025
  • First Bank to Offer Ripple’s RLUSD Stablecoin: Swiss AMINA Launches Custody and Trading July 4, 2025
  • Solana Price Eyes $300 as Derivatives Metrics Turn Bullish July 4, 2025
  • XRP Price at a Tipping Point: Key Levels and Senate Hearing Could Trigger a Shift July 4, 2025

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2025 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.