U.Today - Bulls are losing their initiative at the beginning of the week, according to CoinMarketCap.
Top coins by CoinMarketCap
ADA/USD
The price of Cardano (ADA) has gone down by 2.26% over the last 24 hours.
Image by TradingViewOn the daily chart, the rate of ADA is rather more bearish than bullish as it is coming back to the support level of $0.3204. If it breaks out, the decline may continue to the $0.30-$0.31 range by the end of the week.
ADA is trading at $0.33 at press time.
BNB/USD
Unlike other coins, the rate of Binance Coin (BNB) is rising by 0.36%.
Image by TradingViewFrom the technical point of view, the price of BNB is bullish, as it is on the way to test the resistance level of $545.30.
If buyers can hold the gained initiative, the accumulated energy might be enough for a test of the $560-$580 zone.
BNB is trading at $540.9 at press time.
This content was originally published on U.Today
