Most of the coins have faced a decline today, trading in the red zone.
The price of Cardano (ADA) has declined by 0.15% over the past 24 hours.
On the daily chart, the price of Cardano (ADA) has bounced back to the support of $0.2521 against the low volume. Until the rate is above it, bulls have the chance to rise.
In this case, the possible upward move may lead to the test of the closest resistance area of $0.26. Such a scenario is relevant until mid-January.
ADA is trading at $0.2539 at press time.
Binance Coin (BNB) is more of a loser than Cardano (ADA), going down by 0.76%.
On the daily time frame, the price of Binance Coin (BNB) keeps trading in the channel between the support at $240 and the resistance at $248.7, accumulating power for a further sharp move. However, if the growth to $248 happens, the breakout might be a prerequisite for a rise to the $254 level as enough energy has already been gathered.
BNB is trading at $245.4 at press time.
Compiled by Metacrunch. Metacrunch is a news complier and aggregator platform which aims to spread awareness and updates on Metaverse, Web 3.0 Technology, Blockchain, Cryptocurrency, NFTs, Airdrops and many more.
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