Cardano

2024

Coin

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<p>The first day of 2024 has started mainly bearish for the cryptocurrency market, according to <a href="https://u.today/btc-eth-and-xrp-price-analysis-for-december-31" rel="noopener noreferrer nofollow">CoinStats</a>.</p> <img data-entity-type="file" data-entity-uuid="56052bb1-22e3-4e17-9f65-106dd9736afb" src="https://u.today/sites/default/files/inline-images/top10_865.png">Top coins by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="ada-usd">ADA/USD</h2>
<p class="text-align-justify">The rate of Cardano (ADA) has fallen by 0.75% over the last 24 hours.</p> <img data-entity-type="file" data-entity-uuid="2329cc9c-f004-4a60-9fa5-ccc70706484c" src="https://u.today/sites/default/files/inline-images/ada_252.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSD" rel="noopener noreferrer nofollow">TradingView</a>
<p>Despite today's fall, the price of ADA keeps trading sideways, accumulating energy for a further move. At the moment, the rate is in the middle of a wide channel.</p>
<p>In this case, consolidation in the range of $0.56-0.64 is the more likely scenario for the current week.</p>
<p>ADA is trading at $0.6050 at press time.</p>
<h2 class="text-align-justify" id="bnb-usd">BNB/USD</h2>
<p class="text-align-justify">Binance Coin (BNB) has followed the drop of ADA, going down by almost 3%.</p> <img data-entity-type="file" data-entity-uuid="b55d44c6-9e08-41ab-be9f-04dc5f6a7e0a" src="https://u.today/sites/default/files/inline-images/bnb_249.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSD" rel="noopener noreferrer nofollow">TradingView</a>
<p>On the daily time frame, one should pay attention to the bar closure in terms of the $307 level. If it happens near it, the drop may continue to the important zone of $300 shortly.</p>
<p>BNB is trading at $309.5 at press time.</p>

ADA and BNB Price Analysis for January 1

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