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 weekend has started with slight dominance of bulls over bears as most coins are in the green zone.
BNB/USD
The rate of Binance Coin (BNB) has almost not changed since yesterday.
On the daily chart, Binance Coin (BNB) is located in the middle of the channel between the support at $258.6 and the resistance at $298.6. The volume has declined, which means that the native exchange coin keeps accumulating power for a sharp move. Further growth might only be possible if the rate approaches the $290-$295 zone and fixes there.
Binance Coin is trading at $281.7 at press time.
ADA/USD
The rate of Cardano (ADA) has increased by 0.54% over the last day.
Despite the rise, Cardano (ADA) seems not ready for growth yet as buyers could not get it back to the vital $0.50 mark. If buyers cannot seize the initiative, the fall may continue and lead to a breakout of the nearest support level at $0.4258.
Cardano is trading at $0.4595 at press time.
Alex Dovbnya
Vladislav Sopov
Dan Burgin