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A new week has started bullish for the cryptocurrency market, according to CoinMarketCap.
BNB/USD
The rate of Binance Coin (BNB) has increased by 4% over the last 24 hours.
Despite today's rise, the price of BNB keeps trading sideways, gaining energy for a further move. The volume is low which, means that none of the sides has seized the initiative yet.
Denys SerhiichukAll in all, ongoing consolidation in the range of $540-$600 is the more likely scenario for the next few days.
BNB is trading at $569 at press time.
ADA/USD
Cardano (ADA) is more of a gainer than BNB today, rising by 5.90%.
On the daily chart, the price of ADA keeps growing after yesterday's bullish closure. However, one should pay attention until the bar closes. If it happens above $0.48, the upward move may continue to the $0.50 zone.
BNB is trading at $0.475 at press time.
Alex Dovbnya
Vladislav Sopov
Dan Burgin