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.
Most of the coins have faced a decline today, trading in the red zone.
ADA/USD
The price of Cardano (ADA) has declined by 0.15% over the past 24 hours.
On the daily chart, the price of Cardano (ADA) has bounced back to the support of $0.2521 against the low volume. Until the rate is above it, bulls have the chance to rise.
Denys SerhiichukIn this case, the possible upward move may lead to the test of the closest resistance area of $0.26. Such a scenario is relevant until mid-January.
ADA is trading at $0.2539 at press time.
BNB/USD
Binance Coin (BNB) is more of a loser than Cardano (ADA), going down by 0.76%.
On the daily time frame, the price of Binance Coin (BNB) keeps trading in the channel between the support at $240 and the resistance at $248.7, accumulating power for a further sharp move. However, if the growth to $248 happens, the breakout might be a prerequisite for a rise to the $254 level as enough energy has already been gathered.
BNB is trading at $245.4 at press time.
Godfrey Benjamin
Vladislav Sopov
Dan Burgin