Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Bears are back in the game on the last day of the week, according to the CoinMarketCap ranking.
ADA/USD
Cardano (ADA) is an exception, going up by 0.40%.
Despite today’s rise, Cardano (ADA) keeps trading sideways between the support at $0.37 and the resistance at $0.4093. If buyers want to seize the initiative, they need to bring the price back to at least the important mark of $0.40.
Only in that case is there a possibility of a breakout followed by a blast to the $0.42 zone.
ADA is trading at $0.3889 at press time.
BNB/USD
Unlike Cardano (ADA), the price of Binance Coin (BNB) has fallen by 0.27%.
Binance Coin (BNB) remains under sellers’ pressure as the price is located close to the support at $302. At the moment, traders should pay attention to the interim level at $310. If buyers lose it, the fall may continue to the vital zone of $300. Such a scenario is relevant until mid-April.
BNB is trading at $310.8 at press time.
Source: https://u.today/ada-and-bnb-price-analysis-for-april-9