As a seasoned crypto investor with several years of experience under my belt, I’ve learned to keep a keen eye on market trends and price movements. The recent reversal at the start of this week, as indicated by CoinStats, has been intriguing to observe.
Most of the coins have started the new week with a reversal, according to CoinStats.
ADA/USD
The rate of Cardano (ADA) has increased by 1.83% over the last 24 hours.
On a day-to-day basis, the value of ADA has been increasing since breaching the significant resistance level at $0.4210. The market remains under the influence of buyers as long as the price stays above this threshold.
In this case, traders may witness an ongoing upward move to the $0.46-$0.47 area soon.
ADA is trading at $0.4380 at press time.
BNB/USD
Binance Coin (BNB) is more of a gainer than ADA, growing by 4.05%.
If the BNB price surpasses the $551.2 mark during the daily closing, there is a strong possibility of it continuing to climb towards the $580 to $600 price range due to the built-up momentum.
BNB is trading at $560.80 at press time.
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2024-07-15 18:57