Sun, 28/01/2024 – 15:03
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 last day of the week has started bullish for most of the coins, according to CoinStats.
Advertisement
ADA/USD
The rate of Cardano (ADA) has gone up by 2.23% since yesterday.
On the daily chart, the price of ADA is rising after a false breakout of the support level at $0.4643. However, it is too early to talk about a further upward move as the altcoin has not accumulated enough energy for that.
In this case, sideways trading between $0.48 and $0.50 is the more likely scenario for the next days.
ADA is trading at $0.4930 at press time.
BNB/USD
Binance Coin (BNB) has gained less than ADA, rising by 0.56%.
The price of BNB is in the middle of the wide channel, which means that neither bulls nor bears are dominating. The falling volume confirms this statement. In this regard, consolidation in the area of $300-$310 is the more likely scenario.
BNB is trading at $307.7 at press time.