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.
Bulls seem unable to keep the rise going after the recent price blast, as most of the coins have returned to the red zone.
BNB/USD
Binance Coin (BNB) is an exception to the rule, going up by 1.59% over the last 24 hours.
On the daily time frame, the price of Binance Coin (BNB) has once again made a false breakout of the resistance level at $336.3. At the moment, neither bulls nor bears are dominating as the rate keeps trading sideways.
However, if the rise to the mentioned mark does not happen until the end of the day, bears can seize the initiative and drop the price to the $310 zone.
Binance Coin is trading at $325.6 at press time.
ADA/USD
Cardano (ADA) could not follow the rise of Binance Coin (BNB), going down by 0.34%.
Despite the rise, Cardano (ADA) keeps trading in the bullish zone as the rate is above the $0.3777 mark. However. if the decline continues and the bar closes near $0.38, the breakout may lead to a decline to the $0.37 zone shortly.
ADA is trading at $0.3907 at press time.
Yuri Molchan
Godfrey Benjamin
