U.Today - Most of the coins are bouncing off after a sharp drop, according to CoinMarketCap.
ADA/USD
The rate of Cardano (ADA) has risen by 4.88% over the last day.
Bulls have failed to keep the growth up after yesterday’s bullish bar closure.
If the situation does not change by the end of the day, sideways trading in the zone of $0.70-$0.80 is the most likely scenario.
ADA is trading at $0.7545 at press time.
BNB/USD
The price of Binance Coin (BNB) has followed the rise of ADA, going up by 1.14%.
From the technical point of view, the rate of BNB is looking similar to ADA. If the candle closes below the vital zone of $600, the correction may lead to the test of the $500-$520 range soon.
BNB is trading at $585.96 at press time.
This content was originally published on U.Today