As a seasoned market analyst with extensive experience in cryptocurrency trading, I’ve seen my fair share of market swings and trends. Today, I’m observing a positive start to the week, as indicated by CoinMarketCap, with several coins, including Cardano (ADA) and Binance Coin (BNB), showing signs of growth.
The new week has started with a market bounce back, according to CoinMarketCap.
ADA/USD
The rate of Cardano (ADA) has risen by 1.53% since yesterday.
On the daily chart, one should pay attention to the interim level of $0.4696.
If the bar finishes its formation close to or above the resistance level around $0.48-$0.49, there’s a strong possibility that this uptrend will push prices towards a challenge of this zone shortly.
ADA is trading at $0.4657 at press time.
BNB/USD
Binance Coin (BNB) is less of a gainer than ADA, going up by 0.66%.
As a researcher studying the cryptocurrency market, I can observe that the price of BNB is currently attempting to surpass the $605.5 mark. If successful, this breakthrough could potentially ignite further buying power, propelling the price range upwards towards the $620-$630 zone before the week comes to a close.
BNB is trading at $605 at press time.
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2024-05-27 18:33