The cryptocurrency market is neither bullish nor bearish today as some coins are rising while others continue to trade in the red.
Top Coins by CoinMarketCap
BTC/USD
Bitcoin (BTC) price is little changed since yesterday, down just 0.06%.
BTC/USD chart by TradingView
Bitcoin (BTC) returns to local support levels at $38,546 on the daily chart. If the daily candle fixes around it or below, there are chances that it will see a sharp drop to the $36,000-$37,000 zone shortly. Such a scenario is relevant until the end of the month.
Bitcoin is trading at $39,067 at press time.
ADA/USD
Cardano (ADA) is underperforming BTC, down 1.10% in the past 24 hours.
ADA/USD chart by trade view
Cardano (ADA) is also falling despite the relatively bullish candle recorded yesterday. In case of further seller pressure, the decline could take the altcoin’s price below $0.80 in the next few days.
ADA is trading at $0.8560 at press time.
BNB/USD
Binance Coin (BNB) is the biggest loser on the list today, down 1.23% since yesterday.
BNB/USD chart by TradingView
Binance Coin (BNB) is trading similarly to Cardano (ADA) as it is also returning to yesterday’s low levels. Trading volume is high, which means bulls are not ready to take the initiative just yet. In that case, there are chances of a further drop to the $360 level.
BNB is trading at $390 at press time.
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