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Bulls are losing their initiative at the beginning of the week, according to CoinMarketCap.
ADA/USD
The price of Cardano (ADA) has gone down by 2.26% over the last 24 hours.
On the daily chart, the rate of ADA is rather more bearish than bullish as it is coming back to the support level of $0.3204. If it breaks out, the decline may continue to the $0.30-$0.31 range by the end of the week.
ADA is trading at $0.33 at press time.
BNB/USD
Unlike other coins, the rate of Binance Coin (BNB) is rising by 0.36%.
From the technical point of view, the price of BNB is bullish, as it is on the way to test the resistance level of $545.30.
Denys SerhiichukIf buyers can hold the gained initiative, the accumulated energy might be enough for a test of the $560-$580 zone.
BNB is trading at $540.9 at press time.
Alex Dovbnya
Vladislav Sopov
Dan Burgin
U.Today Editorial Team