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The market is trading neutrally as some coins are in the green zone while the rates of others keep falling.
ADA/USD
Cardano (ADA) has joined the list of rising coins, going up by 2.88% over the last 24 hours.
On the bigger chart, Cardano (ADA) is trying to fix above the resistance level at $0.3228. If the bar closes above it and/or with no long wicks, the accumulated energy could be enough for a midterm rise to the $0.34 zone.
Denys SerhiichukThus, the selling volume is low, which means that bears are slowly losing their initiative.
ADA is trading at $0.3237 at press time.
BNB/USD
The rate of Binance Coin (BNB) has almost not changed since yesterday — the price has only risen by 0.12%.
Unlike Cardano (ADA), Binance Coin (BNB) is looking bearish on the daily chart. The price cannot rise after the false breakout of the support level at $286.6. If the bar closes below the $290 mark today, traders might expect to see a sharp drop to the $275-$280 zone next week.
BNB is trading at $290.5 at press time.
Arman Shirinyan
Alex Dovbnya
Dan Burgin
Vladislav Sopov