As an experienced financial analyst, I’ve seen my fair share of market fluctuations and trends. Based on the current data provided by CoinStats, it appears that some coins, specifically Cardano (ADA) and Binance Coin (BNB), are attempting to rebound from recent losses.
Some coins are trying to come back to the green zone, according to CoinStats.
ADA/USD
The price of Cardano (ADA) has risen by almost 2% over the last 24 hours.
In the day-to-day price chart, there might be a rebound for traders to notice. But remember to closely watch the ending position of each bar.
Near the price of $0.3740, potential buyers could take control, potentially causing the price to rise towards $0.38.
ADA is trading at $0.37 at press time.
BNB/USD
Binance Coin (BNB) has followed the rise of ADA, going up by 1.72%.
In simpler terms, the price trend of BNB is currently mirroring that of ADA. If buyers manage to maintain control throughout the day, there’s a possibility that the resistance level of $551 will be challenged before the end of the week.
BNB is trading at $521 at press time.
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2024-07-08 18:05