Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The cryptocurrency market is trading sideways as some coins are in the red zone, while others are in the green.
ADA/USD
Cardano (ADA) has joined the list of falling coins, going down by 1.62%.
On the daily chart, the price of Cardano (ADA) is stuck in the narrow channel between the support at $0.3385 and the resistance at $0.3697. If buyers cannot fix above the $0.35 mark shortly, there are high chances to see a drop to the $0.33 zone by the end of the week.
ADA is trading at $0.3483 at press time.
BNB/USD
Binance Coin (BNB) is less of a loser than Cardano (ADA), falling by 0.56%.
From the technical point of view, Binance Coin (BNB) is trading similarly to Cardano (ADA) as the price keeps trading sideways. At the moment, traders should pay attention to the $300 mark. If buyers can hold it, there is a possibility to see the return to the resistance at $314.4. Thus, the selling volume is lowб which means that bears remain weaker than bulls.
BNB is trading at $301.4 at press time.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin