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The market is trading neutrally as some coins are in the green zone while the rates of others keep falling.
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.
Thus, the selling volume is low, which means that bears are slowly losing their initiative.
ADA is trading at $0.3237 at press time.
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.