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 new week and new month have started negatively for most of the coins, according to CoinStats.
BNB/USD
Binance Coin (BNB) is the exception to the rule, rising by 0.4% over the last day.
On the daily chart, the rate of BNB has once again bounced off the vital area of $500. However, it is in the middle of a wide channel, between the support of $454.80 and the resistance of $603.
Denys SerhiichukAs none of the sides is dominating, ongoing sideways trading in the zone of $520-$540 is the more likely scenario.
BNB is trading at $521.60 at press time.
TON/USD
The price of Toncoin (TON) has dropped by 1.73% since yesterday.
From the technical point of view, one should pay attention to the area of $5. If it breaks out, the accumulated energy might be enough for an ongoing decline to the $4.721 level.
TON is trading at $5.149 at press time.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin
U.Today Editorial Team