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 has made a huge reversal as the prices of most of the coins have rocketed.
ADA/USD
The price of Cardano (ADA) has risen by almost 6% over the last 24 hours.
Despite a sharp rise today, the price remains trading below the vital level of $0.4019. As long as the rate cannot fix above that mark, there is still a chance to see a further decline.
ADA is trading at $0.3818 at press time.
BNB/USD
Binance Coin (BNB) is following the rise of Cardano (ADA), going up by 5.26%.
On the daily chart, the price of Binance Coin (BNB) has once again bounced off the support level at $258.6, which shows buyers' power.
If buyers can keep the rise to the $285-$290 zone, one can think about the possible midterm growth of the native exchange coin.
BNB is trading at $273.5 at press time.
Vladislav Sopov