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.
Bears are not as powerful as before as some coins are coming back to the green zone.
ADA/USD
The price of Cardano (ADA) has dropped by 0.71% over the last 24 hours.
On the daily chart, the rate of Cardano (ADA) has fixed below the vital level at $0.4019. Until the price is below it, the fall may continue to the next support zone around $0.33. If buyers want to seize the initiative, they need to restore the rate above the $0.40 area.
ADA is trading at $0.3935 at press time.
BNB/USD
Unlike Cardano (ADA), the price of Binance Coin (BNB) has risen by 0.21%.
Binance Coin (BNB) is coming closer to the support level at $258.6, which means that there are signals of a possible bounce back. Thus, if bulls lose the $270 mark, this can generate a further downward move to the $260 zone. Such a scenario is relevant until the end of the month.
BNB is trading at $271.6 at press time.
Arman Shirinyan
Yuri Molchan
Dan Burgin
Alex Dovbnya
Vladislav Sopov