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The past 7 weeks were extra tough for cryptocurrencies, but now the low inflation data has boosted morale. In the first quarter, inflation became a monthly concern for the markets. Fortunately, despite the bad PPI data, inflation dropped for both headline and core in April. So, what are the price predictions for BNB, ADA, and AVAX Coin this weekend?
BNB Coin Analysis
BTC showed weakness, but BNB Coin attempted upward moves at every opportunity. However, it also weakened in the last few weeks. Despite BTC surpassing $67,000 after 7 weeks, BNB Coin’s price continues to linger at $580. The increasing number of users on the Binance exchange and the growing activity on the BSC network keep the medium and long-term outlook positive for BNB Coin.
Looking at the predictions for the coming days, BNB fell below the moving averages on May 14, but the triangle support was maintained. If there is a break below the triangle, a rapid loss series to $536 and then $495 could occur.
However, if BTC remains strong, an upward break is likely. This brings the possibility of BNB Coin focusing on the $635 and $692 targets.
Cardano (ADA) Price Prediction
The 20-day EMA is at $0.46, and ADA Coin maintained this level. Now, it continues the day with nearly a 6% increase at the $0.5 threshold. If there is a bounce from $0.48, the $0.52 resistance can be targeted. The next target will be the frequently mentioned $0.57 level.
Losing the support line or rapid losses in BTC price could invalidate the bullish scenario. At the time of writing, BTC price is at $66,833 with a 2% increase.
Avalanche (AVAX) Price Prediction
One of the biggest competitors to SOL Coin, AVAX is not showing the expected performance due to the annual double-digit inflation problem. There is also a major unlock event next week, and this large supply pressure is causing bulls to keep the price around $40 at best.
The price, stuck between $29 and $40, needs to break out. Targets are $19 below and $50 above. It is expected to move towards one of these extremes.
