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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U. Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Bulls are trying to seize the initiative at the beginning of the week, according to CoinStats.
The price of Cardano (ADA) has risen by 4.77% over the last day.
On the daily chart, the rate of ADA has broken the level of $0.6661. If buyers can hold the gained initiative and keep the price above that mark, there is a chance to see a test of the $0.70 area shortly.
ADA is trading at $0.6792 at the time of writing.
Binance Coin (BNB) has gained less than ADA, going up by 1.28%.
From the technical point of view, BNB is trading similarly to ADA, as its price has also broken the interim resistance level.
If the upward move continues, traders are likely to see a breakout of the $600 area, followed by a further rise.
BNB is trading at $596 at the time of writing.